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.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
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.
