Ebay Sees Q4 EPS $1.00-$1.05 Vs $0.99 Est.; Revenue $2.47B-$2.53B Vs $2.45B Est.; FY23 EPS $4.17-$4.22 Vs $3.92 Est.; Revenue $10.02B-$10.08B Vs $9.57B Est.
Portfolio Pulse from Benzinga Newsdesk
Ebay has provided its Q4 and FY23 guidance, expecting higher EPS and revenue than previously estimated. For Q4, it anticipates EPS of $1.00-$1.05 (vs $0.99 est.) and revenue of $2.47B-$2.53B (vs $2.45B est.). For FY23, it projects EPS of $4.17-$4.22 (vs $3.92 est.) and revenue of $10.02B-$10.08B (vs $9.57B est.).
November 07, 2023 | 9:08 pm
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POSITIVE IMPACT
Ebay's projected Q4 and FY23 earnings and revenue exceed estimates, which could positively impact its stock price in the short term.
Ebay's projected earnings and revenue for Q4 and FY23 are higher than previously estimated. This positive financial outlook could increase investor confidence and demand for the stock, potentially driving its price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100