Proactive Investors - eBay Inc (NASDAQ:EBAY) is likely to post higher revenues and steady profits when it reports its third quarter earnings after the market close on Tuesday, November 7.
The online commerce platform expects to report 3Q revenue in the range of $2.46 billion to $2.52 billion, representing forex-neutral growth between 2% and 4%.
It expects gross merchandise value between $17.6 billion and $18 billion, which represents a forex-neutral contraction between 4% and 1%.
It also forecast earnings per share (EPS) in the range of $0.96 and $1.01.
Wall Street analysts, on average, expect eBay’s earnings to fall at the top end of this range, expecting EPS of $1 which is flat over the year-ago quarter.
They also see revenue falling on the higher end of eBay’s guidance at $2.5 billion. This would represent year-over-year sales growth of about 5%.
eBay's shares traded up 1.5% at US$38.55 on Monday afternoon. The stock has shed 14.5% in the year to date.