Taking a Closer Look at eBay Pre-Earnings

EBAY valuation looks promising ahead of Q2 earnings

Aug 10, 2021 at 11:06 AM
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eBay Inc. (NASDAQ:EBAY) is one of the largest e-commerce companies worldwide. The corporation connects millions of buyers and sellers in 190 markets around the world, facilitating consumer-to-consumer and business-to-consumer sales through its website and app. At last glance, EBAY was up 1.1% at $66.11.

EBAY is expected to release its second quarter of 2021 financial results on Wednesday, August 11. Recently, eBay has beat earnings expectations on three of its last four quarterly earnings reports released. For Q2 of 2020, EBAY missed analyst estimates by a margin of $0.04 and reported an EPS of $1.02. For Q3 of 2020, EBAY's EPS decreased to $0.85, but still beat expectations by a margin of $0.08.For Q4 of 2020, eBay posted an increase in earnings, rising to $0.86 per share and beating estimates by a margin of $0.03. In the most recent quarterly report on Q1 of 2021, eBay announced an EPS of $1.09 and beat expectations by a margin of $0.02.

eBay stock has increased 21% in price year-over-year and EBAY is up by 44% since bottoming at a November bottom of $45.36. Additionally, shares of EBAY have grown 31% year-to-date. However, eBay stock is currently trading down 10% since reaching a 52-week high of $74.13 near the end of July. eBay offers a forward dividend of $0.72 and a dividend yield 1.10%.

Fundamentally, eBay stock has a great price-earnings ratio of 15.85. Nonetheless, EBAY has struggled to find consistent growth on the bottom line. Overall, EBAY is still a great growth company with a fair valuation, but eBay stock's fundamentals aren’t quite a solid as would be expected from one of the longest standing tech companies in the market.

 

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