eBay Sees Q1 Adj. EPS $1.19-$1.23 vs $1.13 Est., Revenue $2.5B-$2.54B vs $2.53B Est.
Portfolio Pulse from Benzinga Newsdesk
eBay has projected its Q1 adjusted EPS to be between $1.19 and $1.23, surpassing the estimated $1.13. The company also forecasts revenue to be in the range of $2.5 billion to $2.54 billion, slightly below the $2.53 billion estimate.
February 27, 2024 | 9:09 pm
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POSITIVE IMPACT
eBay's Q1 adjusted EPS forecast exceeds expectations, while revenue projections are slightly below estimates.
The positive adjustment in eBay's EPS forecast is likely to be viewed favorably by investors, indicating better-than-expected profitability. However, the slight miss on revenue projections could temper some of the enthusiasm. Overall, the net effect is expected to be positive in the short term due to the weight investors place on earnings per share as a profitability indicator.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100