eBay share price: what to expect from Q1 results
The online retailer may have to address certain issues in its Q1 earnings report.
When is eBay’s results date?
eBay’s Q1 results date is April 23.
eBay’s earnings preview: What does the company expect?
eBay’s Q1 earnings could rise after Elliott Management bought a $1.4 billion stake in the e-commerce company. The investment may have subsequently helped eBay share price with a 25% growth in eBay stock. With activist investment, the company may make drastic changes like selling off its StubHub ticket resale business. The corporation may also sell or restructure its classifieds division. eBay’s Q1 profits may also focus on its growth in advertising revenue over the last few months.
eBay’s partnership with Elliott Mangement also means that the online company will have ongoing dialogues with the activist investment company to improve eBay’s Q1 earnings. The company’s chief executive officer, Devin Wenig, explained his meeting with Elliott eBay shareholders.
'Over the course of the last two months, we've met with a number of shareholders to understand their views. The bottom line is that we all share common ground: we see tremendous opportunity ahead and want to see eBay's full potential realized over the long-term,’ said Wenig.
After a slightly better-than-expected Q4 2018 earnings report, eBay Q1 earnings had weak guidance, with expected growth of just 1%. Though eBay Q1 revenue had weak guidance and slowing global sales, the company’s operating costs have always been low compared to other online retailers like Amazon. Because eBay doesn’t have a shipping infrastructure for its products like Amazon, eBay’s Q1 revenue could be boosted by small overhead costs.
How to trade eBay Q1 profits
Wall Street is expecting eBay Q1 earnings per share to be $0.63 and eBay Q1 revenue of $2.3 billion. In a recent survey of financial analysts, eight analysts said to buy the stock and six expected eBay stock to outperform expectations. The 20 other analysts recommended a hold on eBay shares. Investors will see if Elliott Investments has made a difference in eBay’s Q1 earnings.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
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