EBay Stock Sinks on Concerns About Holiday Shopping Season

Investopedia

2024-10-31

Key Takeaways

EBay's guidance for the key holiday shopping season didn't impress investors, and shares dropped Thursday.
The e-commerce firm beat profit, sales, and gross merchandise volume estimates in the third quarter.
Analysts at Jefferies and Deutsche Bank raised concerns about the company's gross merchandise volume in the fourth quarter.

EBay (EBAY) shares tumbled Thursday, a day after the online marketplace gave weaker-than-expected guidance for the key holiday shopping period.

The company sees fourth-quarter adjusted earnings per share (EPS) of $1.17 to $1.22 and revenue of $2.53 billion to $2.59 billion. Analysts surveyed by Visible Alpha were looking for $1.21 and $2.58 billion, respectively.

In the third quarter, adjusted EPS came in at $1.19, with revenue up 3% year-over-year to $2.58 billion. Gross merchandise volume (GMV) rose 2% to $18.31 billion. All three exceeded forecasts.

Jefferies Says 'Cracks Starting To Form'

However, Jefferies analysts wrote in a note to clients that they are "reviewing our model" after the results, warning that "cracks" were "starting to form." They noted that "failing to deliver a meaningful acceleration in 4Q GMV would raise questions around the durability of growth and cause us to grow more cautious." Deutsche Bank analysts added that "tepid GMV growth outlook rattles confidence" in eBay's growth.

Despite today's 8% drop in late-morning trading, shares of eBay have added about a third of their value this year.

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Analysts surveyed by Visible Alpha were looking for $1.21 and $2.58 billion, respectively.<span></span>\n</p>\n<div></div>\n<p> In the third quarter, adjusted EPS came in at $1.19, with revenue up 3% year-over-year to $2.58 billion. Gross merchandise volume (GMV) rose 2% to $18.31 billion.<span></span> All three exceeded forecasts.\n</p>\n<div></div>\n<span></span><h2> <span> Jefferies Says 'Cracks Starting To Form' </span> </h2>\n<p> However, Jefferies analysts wrote in a note to clients that they are \"reviewing our model\" after the results, warning that \"cracks\" were \"starting to form.\"<span></span> They noted that \"failing to deliver a meaningful acceleration in 4Q GMV would raise questions around the durability of growth and cause us to grow more cautious.\" Deutsche Bank analysts added that \"tepid GMV growth outlook rattles confidence\" in <a href=\"https://laohu8.com/S/EBAY\">eBay</a>'s growth.<span></span>\n</p>\n<div></div>\n<p> Despite today's 8% drop in late-morning trading, shares of eBay have added about a third of their value this year.\n</p>\n<div></div>\n<figure> <div>\n<div>\n<img height=\"811\" width=\"1542\"/>\n<noscript>\n<img height=\"811\" sizes=\"750px\" src=\"https://www.investopedia.com/thmb/tF4tsk0VFE-_fiGtEJuLb3zPHEw=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/EBAY_2024-10-31_11-00-43-8c3ea862cb9e405396dab5277a1b1de8.png\" srcset=\"https://www.investopedia.com/thmb/tjRhMQQtidOwyGDoBoYP4F_38gg=/750x0/filters:no_upscale():max_bytes(150000):strip_icc()/EBAY_2024-10-31_11-00-43-8c3ea862cb9e405396dab5277a1b1de8.png 750w\" width=\"1542\"/>\n</noscript>\n</div> </div>\n<figcaption> <span><p>TradingView</p></span>\n</figcaption></figure>\n<div><div>Do you have a news tip for Investopedia reporters? 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Analysts surveyed by Visible Alpha were looking for $1.21 and $2.58 billion, respectively.<span></span>\n</p>\n<div></div>\n<p> In the third quarter, adjusted EPS came in at $1.19, with revenue up 3% year-over-year to $2.58 billion. Gross merchandise volume (GMV) rose 2% to $18.31 billion.<span></span> All three exceeded forecasts.\n</p>\n<div></div>\n<span></span><h2> <span> Jefferies Says 'Cracks Starting To Form' </span> </h2>\n<p> However, Jefferies analysts wrote in a note to clients that they are \"reviewing our model\" after the results, warning that \"cracks\" were \"starting to form.\"<span></span> They noted that \"failing to deliver a meaningful acceleration in 4Q GMV would raise questions around the durability of growth and cause us to grow more cautious.\" Deutsche Bank analysts added that \"tepid GMV growth outlook rattles confidence\" in <a href=\"https://laohu8.com/S/EBAY\">eBay</a>'s growth.<span></span>\n</p>\n<div></div>\n<p> Despite today's 8% drop in late-morning trading, shares of eBay have added about a third of their value this year.\n</p>\n<div></div>\n<figure> <div>\n<div>\n<img height=\"811\" width=\"1542\"/>\n<noscript>\n<img height=\"811\" sizes=\"750px\" src=\"https://www.investopedia.com/thmb/tF4tsk0VFE-_fiGtEJuLb3zPHEw=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/EBAY_2024-10-31_11-00-43-8c3ea862cb9e405396dab5277a1b1de8.png\" srcset=\"https://www.investopedia.com/thmb/tjRhMQQtidOwyGDoBoYP4F_38gg=/750x0/filters:no_upscale():max_bytes(150000):strip_icc()/EBAY_2024-10-31_11-00-43-8c3ea862cb9e405396dab5277a1b1de8.png 750w\" width=\"1542\"/>\n</noscript>\n</div> </div>\n<figcaption> <span><p>TradingView</p></span>\n</figcaption></figure>\n<div><div>Do you have a news tip for Investopedia reporters? Please email us at</div>\n<span>tips@investopedia.com</span></div></div></body></html>\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://www.investopedia.com/ebay-stock-sinks-on-concerns-about-holiday-shopping-season-8737504\">Investopedia</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4220","symbol_name":"綜合零售","start_time":0,"source_url":"https://www.investopedia.com/ebay-stock-sinks-on-concerns-about-holiday-shopping-season-8737504","article_id":"2480053345","we_media_id":null,"thumbnails":["https://www.investopedia.com/thmb/zYm-2IMGH90FvgvfLHipJ-Ab_9o=/6000x4000/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-2162911534-f4bda5777b324e4bb8db164e860a6900.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480053345","pubTimestamp":1730389666,"columns":[],"sourceInfo":{"source_id":"investopedia_highlight","name":"Investopedia"},"weMediaInfo":null,"summary":"EBay's guidance for the key holiday shopping season didn't impress investors, and shares dropped Thursday.The e-commerce firm beat profit, sales, and gross merchandise volume estimates in the third quarter.Analysts at Jefferies and Deutsche Bank raised concerns about the company's gross merchandise volume in the fourth quarter.EBay  shares tumbled Thursday, a day after the online marketplace gave weaker-than-expected guidance for the key holiday shopping period.The company sees fourth-quarter adjusted earnings per share  of $1.17 to $1.22 and revenue of $2.53 billion to $2.59 billion. Analysts surveyed by Visible Alpha were looking for $1.21 and $2.58 billion, respectively.In the third quarter, adjusted EPS came in at $1.19, with revenue up 3% year-over-year to $2.58 billion. Gross merchandise volume  rose 2% to $18.31 billion. All three exceeded forecasts.Despite today's 8% drop in late-morning trading, shares of eBay have added about a third of their value this year.Do you have a new","collect":0,"end_time":0,"defaultTopTitle":"investopedia.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4220":"综合零售","BK4524":"宅经济概念","LU1642822529.SGD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"A\" (SGD) ACC","BK4585":"ETF&股票定投概念","LU0444973449.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"DU\" (USD) ACC","LU1059921491.USD":"NORDEA 1 GLOBAL STABLE EQUITY \"HB\" (USDHDG) ACC","GMV.AU":"G Medical Innovations","LU0444971666.USD":"天利全球科技基金","BK4588":"碎股","LU0476273544.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"BU\" (USD) ACC","LU0957808578.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"ZU\" (USD) ACC","LU1712237335.SGD":"Natixis Mirova Global Sustainable Equity H-R-NPF/A SGD","LU1623119135.USD":"Natixis Mirova Global Sustainable Equity R-NPF/A USD","LU1815336760.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"AUP\" (USD) INC","EBAY":"eBay","BK4122":"互联网与直销零售"},"translate_title":"EBay股价因对假日购物季的担忧而下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EBAY":1,"GMV.AU":1},"content_text":"Key Takeaways\nEBay's guidance for the key holiday shopping season didn't impress investors, and shares dropped Thursday.The e-commerce firm beat profit, sales, and gross merchandise volume estimates in the third quarter.Analysts at Jefferies and Deutsche Bank raised concerns about the company's gross merchandise volume in the fourth quarter.\n EBay (EBAY) shares tumbled Thursday, a day after the online marketplace gave weaker-than-expected guidance for the key holiday shopping period.\n\n\n The company sees fourth-quarter adjusted earnings per share (EPS) of $1.17 to $1.22 and revenue of $2.53 billion to $2.59 billion. Analysts surveyed by Visible Alpha were looking for $1.21 and $2.58 billion, respectively.\n\n\n In the third quarter, adjusted EPS came in at $1.19, with revenue up 3% year-over-year to $2.58 billion. Gross merchandise volume (GMV) rose 2% to $18.31 billion. All three exceeded forecasts.\n\n\n  Jefferies Says 'Cracks Starting To Form'  \n However, Jefferies analysts wrote in a note to clients that they are \"reviewing our model\" after the results, warning that \"cracks\" were \"starting to form.\" They noted that \"failing to deliver a meaningful acceleration in 4Q GMV would raise questions around the durability of growth and cause us to grow more cautious.\" Deutsche Bank analysts added that \"tepid GMV growth outlook rattles confidence\" in eBay's growth.\n\n\n Despite today's 8% drop in late-morning trading, shares of eBay have added about a third of their value this year.\n\n\n \n\n\n\n\n\n \n TradingView\n\nDo you have a news tip for Investopedia reporters? Please email us at\ntips@investopedia.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}