S&P 500 (NYSE:SPY) component Ebay (NASDAQ:EBAY) will unveil its latest earnings tomorrow, Wednesday, January 16, 2013. eBay is an Internet company that, together with its subsidiaries, provides online marketplaces for the sale of goods and services. It also provides other online commerce platforms, online payment solutions, and communication offerings to a diverse community of individuals and businesses.
Ebay Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 61 cents per share, a rise of 10.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 60 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 61 cents during the last month. Analysts are projecting profit to rise by 16.5% versus last year to $2.05.
Past Earnings Performance: Last quarter, the company reported net income of 49 cents per share versus a mean estimate of profit of. The company has beaten estimates for the past three quarters.
A Look Back: In the third quarter, profit rose 21.7% to $597 million (45 cents a share) from $490.5 million (37 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 14.8% to $3.4 billion from $2.97 billion.
Here’s how Ebay traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: