Million

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>eBay Inc. (NASDAQ: EBAY) registered growth on the earnings front but the stock resisted to follow.&nbsp;</a> </li> 
 <li> <span>2</span> <a>EBAY stock was in an uptrend prior to the earnings release.&nbsp;</a> </li> 
</ul> 
<p>The American e-commerce giant eBay Inc. (NASDAQ: EBAY) posted quarterly financial earnings on July 26, 2023. For the quarter, the company made significant growth in terms of revenue and earnings per share in comparison to the previous quarters. Despite the better-than-expected results of company earnings, EBAY stock fell over 10% in the coming intraday trading session.&nbsp;</p> 
<p>eBay posted positive growth at almost every other crucial parameter suggesting the company’s good financial health. The revenue for the quarter ending in June was $2.53 Billion following a nearly 5% increase from last year’s $2.41 Billion. The net income rose to $171 Million, a tremendous recovery from the corresponding quarter of the previous year.&nbsp;</p> 
<p>The earnings-per-share (EPS) of eBay for the quarter was $1.04, up from $0.99 in Q2 2022. Though the profitability and earnings for the quarter are up year-over-year, they saw a subsequent decline from the previous quarter.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-ebay-stock-falls-surprises-despite-positive-numbers-strong"><strong>eBay Stock Falls Surprises Despite Positive Numbers</strong></h2> 
<p>eBay managed to sustain the earnings above the estimates regardless of the decline in the quarter over a quarter time frame. For the upcoming quarter, the California headquartered company expects revenue to stay between $2.46 Billion and $2.52 Billion while the analyst expectations are at $2.47 Billion.&nbsp;</p> 
<p>In addition, eBay’s performance in terms of return on equity for this quarter was remarkably impressive at 34.71%. This underscores the company’s adeptness at effectively using shareholder investments to generate substantial profits.&nbsp;</p> 
<p>Additionally, the net margin remained robust at 13.49%, providing further evidence of the company’s sound profitability and overall financial health.</p> 
<p>The $23 Billion market cap company is set to pay 25 cents per share in dividends to the shareholders on September 15, 2023. For the last quarter, eBay spent $250 Million purchasing back 6 Million EBAY shares. In addition, it paid $133 Million worth dividends for the quarter.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-ebay-inc-nasdaq-ebay-stock-price-movement-strong"><strong>eBay Inc. (NASDAQ: EBAY) Stock Price Movement</strong></h2> 
<p>Currently, the EBAY stock price is trading at $43.9 after gaining up to 1.5% in the last intraday trading session on Wednesday, 23rd August. Prior to the recent drop following the earnings result, the stock was rallying and was 15% up since the start of the year.&nbsp;</p> 
<p>The price drop of over 10% was after a gap down and made a $45 price level resistance for EBAY stock. It fell below the 50 and 200-day moving averages which saw a death crossover injecting bearish sentiment in the <a href="https://www.thecoinrepublic.com/2023/08/04/ebay-stock-price-prediction-will-ebay-stock-descend-more/" target="_blank" rel="noopener noreferrer nofollow">stock</a>.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/WmUU623jtkHqaFDlnMQQR-MHadYvAAhMovM4cwy-cH6C4eZuxRXrD6jfNPEll4Nv8PDNStAq0jhvW8MeeRz78RxveE_mvkfY3VBzB4BXvHqge--gHvP1L4ucEdTbAyNqVB1MeHT9JqRaNBTK48YzCw" alt="EBAY Stock Awaits Trend Reversal; A 10% Drop Seen in a Month"> 
  <figcaption class="wp-element-caption">
    Source: eBay Inc (NASDAQ: EBAY) Stock Price Movement on <a href="https://www.tradingview.com/x/5of7E5nq/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>Free falling from $49, eBay stock retested the immediate support at $42. For the past few days this week, the stock saw a short up move and rose 3%. In the absence of strong volume, the uptrend is unlikely to sustain for long and the stock is expected to consolidate between the $49 to $42 price range.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

EBAY Stock Awaits Trend Reversal; A 10% Drop Seen in a Month

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Thecoinrepublic.com

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