Ebay reports earnings today
ndleo
Posts: 4,179 ✭✭✭✭✭
Any guesses? The street is expecting a small decline. I think they will surprise to the downside..
Mike
0
Comments
But based on the lower sales price and relatively slow activity, even for summer months, I think earning will fall harder than usual.
Plus it seems like I got a lot of gimmicks in June, which makes me think that ebay was scrambling for revenue.
<< <i>What are the recent corollaries between earnings day (bad, in these cases) and free listings? >>
////////////////////////////
Historically, listing-promos designed to bump numbers are
clustered in the last 30-days of a reporting period.
...........
Jul 22, 2009, 12:30 p.m. EST
EBay results still expected to feel pressure from slowdown
By Dan Gallagher, Market Watch
SAN FRANCISCO (Market Watch) -- EBay Inc. is expected to report another decline in earnings and revenue when it reports its second-quarter results after the closing bell Wednesday.
The online auction giant has been working to revamp its core marketplace business while still growing units such as PayPal and Skype -- though it plans to spin off the later sometime in the next year. And while the slowing economy may help drive some bargain-hunting shoppers to the site, eBay faces heavy competition from rivals and some disaffection from sellers over changes made to the site over the last year.
"The core eBay marketplaces business continues to be the most important driver for eBay's share price," Heath Terry of FBR Capital Markets wrote in a note to clients on Monday. "While the company is making progress, management still has a long way to go in addressing the years of technological neglect at the company."
Wall Street expects the company to report earnings -- excluding one-time charges and stock-options expenses -- of 36 cents a share on revenue of $1.99 billion, according to consensus estimates from FactSet Research.
For the same period last year, the company earned 43 cents a share on a non-GAAP basis with revenue of $2.2 billion.
Analysts will be watching closely for signs of stabilization in the company's core marketplace business. Terry noted that active user growth grew slightly in the first quarter, and that anything above 5% on this line should be seen as a positive sign.
However, most analysts are still expecting the company's gross merchandise volume, or GMV, to fall 20% or more compared to the same period last year.
"We think the core business remains pressured based on our checks with sellers," Jeetil Patel of Deutsche Bank wrote in a note Wednesday. He maintains a sell rating on eBay's stock.
Youssef Squali of Jefferies & Co. was more optimistic.
"We expect in-line 2Q results, with GMV showing early signs of bottoming out and payments posting healthy gains," Squali wrote in a preview report, maintaining a buy rating on the stock.
Squali cautioned, however, that the company's outlook "is likely to remain cautious, given weak macro environment and company's ongoing effort to turnaround marketplaces." Analysts currently expect eBay to report earnings of 35 cents a share on revenue of $1.99 billion for the third quarter.
EBay shares have climbed 14% since the company's last earnings report in April. The stock hit a new high-mark for the year of $19 on Wednesday morning before the report.
Copyright © 2009 Market Watch, Inc. All rights reserved.
'...Analysts will be watching closely for signs of stabilization in the company's core marketplace business. Terry noted that active user growth (AUG) grew slightly in the first quarter, and that anything above 5% on this line should be seen as a positive sign...."
The AUG metric is useless.
EBAY says that "any user who bought/sold ONCE in the
past 12-months is an AU."
Take a look at the fake Mantle thread from last night on
this board. ONE criminal used 20+ IDs to inflate his FB
and DSR-scores. Each of those alts is counted as an AU.
The paid and incompetent analysts use AUs as a forward
looking indicator. The metric actually looks backward!
IF a conventional publisher - advertising seller - used such
FAKE metrics to lure advertisers, the publisher would end
up in PRISON real fast.
Owning shares in a RICO-Enterprise is not a safe bet.
AMZN will continue to crush EBAY, until JD and his gang
of nitwits are dumped.
Though I am very tempted, I will not SHORT the junk
until/unless it gets above $23.
..........
The anticipated dumping of Skype will do nothing for the
shares. The folks who sold Skype to Meg will only pay
about <15% of the previous sale price to buy it back; it
is junk and has little value to EBAY shareholders. (BUT,
it's revs are used to prop-up the failing CORE biznez.)
PayPal is worth a HUGE fortune, IF it is spun-off/sold.
That burried value makes EBAY a very dangerous SHORT
at/near the current share price.
Once PP revs pass 50% of contributed revs, that percentage
will increase VERY rapidly and everybody will know that
there is really nothing left at EBAY..... except for its unregulated
banking operation known as PayPal.
<< <i>except for its unregulated
banking operation known as PayPal. >>
Exactly
<< <i>At the heart of the SCAM.........
'...Analysts will be watching closely for signs of stabilization in the company's core marketplace business. Terry noted that active user growth (AUG) grew slightly in the first quarter, and that anything above 5% on this line should be seen as a positive sign...."
The AUG metric is useless.
EBAY says that "any user who bought/sold ONCE in the
past 12-months is an AU."
Take a look at the fake Mantle thread from last night on
this board. ONE criminal used 20+ IDs to inflate his FB
and DSR-scores. Each of those alts is counted as an AU.
The paid and incompetent analysts use AUs as a forward
looking indicator. The metric actually looks backward!
IF a conventional publisher - advertising seller - used such
FAKE metrics to lure advertisers, the publisher would end
up in PRISON real fast.
Owning shares in a RICO-Enterprise is not a safe bet.
AMZN will continue to crush EBAY, until JD and his gang
of nitwits are dumped.
Though I am very tempted, I will not SHORT the junk
until/unless it gets above $23.
..........
The anticipated dumping of Skype will do nothing for the
shares. The folks who sold Skype to Meg will only pay
about <15% of the previous sale price to buy it back; it
is junk and has little value to EBAY shareholders. (BUT,
it's revs are used to prop-up the failing CORE biznez.)
PayPal is worth a HUGE fortune, IF it is spun-off/sold.
That burried value makes EBAY a very dangerous SHORT
at/near the current share price.
Once PP revs pass 50% of contributed revs, that percentage
will increase VERY rapidly and everybody will know that
there is really nothing left at EBAY..... except for its unregulated
banking operation known as PayPal. >>
Pigpal..... thievery at it's best!!!!!! chaz