Shares of eBay (NASDAQ:EBAY) fell in after-hours trading after the company reported earnings for its second quarter of Fiscal Year 2023. Earnings per share came in at $1.03, which beat analysts’ consensus estimate of $0.99 per share. Sales increased by 5% year-over-year, with revenue hitting $2.54 billion. This beat analysts’ expectations by $30 million.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Looking forward, management now expects revenue and earnings per share for Q3 2023 to be in the ranges of $2.46 billion to $2.52 billion and $0.96 to $1.01, respectively. For reference, analysts were expecting $2.47 billion in revenue along with an EPS of $1.02.
Overall, Wall Street has a consensus price target of $49.82 on EBAY stock, implying 2.09% upside potential, as indicated by the graphic above.