From Nasdaq: 2024-07-25 11:38:00

eBay is set to report second-quarter 2024 results on Jul 31, expecting revenues between $2.49-$2.54 billion with a possible decline of (1)%-1%. Non-GAAP earnings per share are estimated between $1.10 and $1.15, showing a 6-11% increase. The company’s expanding initiatives and AI-backed offerings have positively impacted its top line.

EBAY’s focus on Motors Parts & Accessories and advertising business momentum are key growth drivers. Initiatives to enhance collectibles offerings, generative AI-backed features, and UK expansions have been positive. However, softness in consumer spending and competition may have impacted international revenues and Marketplace platform performance negatively.

According to the Zacks model, EBAY has an Earnings ESP of +3.34% and a Zacks Rank #3, increasing the odds of an earnings beat. Other companies worth considering for upcoming earnings releases include Aspen Aerogels, Apple, and GoDaddy. Stay informed with the Zacks Earnings Calendar.

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Read more at Nasdaq: EBAY Gears Up to Report Q2 Earnings: What’s in the Offing?