Quite a few research equities have already predicted that the stocks of EBAY will be posting a sales sum of $3.01 billion for this quarter. According to a report, nine of the investment analysts involved have already provided estimates into the earnings of the company, with the highest coming in at $3.03 billion, and the lowest coming in at $2.99 billion. The company had posted a sales sum of $2.87 billion the previous year, which is indicative of an annual growth rate of 4.9%. The company will be posting its next quarterly report on the 27th of July.
The Quarterly Report Of EBAY
EBAY had previously updated its quarterly results on the 28th of April. The company had reported an EPS of $1.09 for that quarter, which was more than the consensus estimate of $1.07. The revenue generated by the company during this period was $3 billion, which was more than the consensus estimate of $2.97 billion. The net margin for the company was 50.42%, with an 82.73% return on equity.
There have been quite a few research equities that have commented on the stocks of EBAY. Susquehanna has already put up a rating of neutral with a price target of $66 in a 5th May research report. KeyCorp has also increased the price target from $65 to $80 with a price rating of overweight in a 4th May research report.
Stifel Nicolaus has also increased the price target of the company from $70 to $80 with a rating of buy in a 4th February research report. In the end, Morgan Stanley ended up with a price target of $63 and a rating of equal weight in a 4th February research report.
Seventeen of the analysts have already given the company a rating of hold, while ten others have issued the company with a rating of buy. Currently, EBAY has a hold rating with a $66.93 price target.