eBay (EBAY, $36.67) jumps +6% in pre-market,on better-than-expected earnings
eBay shares jumped more than +6% during after-hours trading Tuesday, after the company reported higher-than-expected earnings for its first quarter.
The e-commerce behemoth’s adjusted earnings of $0.67 per share exceeded analysts’ expectations of $0.63. Revenue of $2.6 billion came in higher than analysts’ estimates of $2.58 billion.
For the full-year 2019, the company forecasts that its adjusted earnings would range between $1.94 and $2.04 per share. It expects net revenue to range between $10.83 billion and $10.93 billion.
EBAY's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for EBAY turned positive on October 07, 2024. Looking at past instances where EBAY's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EBAY advanced for three days, in of 321 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 267 cases where EBAY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where EBAY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
EBAY broke above its upper Bollinger Band on September 10, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 78%.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. EBAY’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock slightly better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (5.764) is normal, around the industry mean (4.292). P/E Ratio (12.667) is within average values for comparable stocks, (71.163). EBAY's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.293). Dividend Yield (0.016) settles around the average of (0.024) among similar stocks. P/S Ratio (3.322) is also within normal values, averaging (5.944).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of online market places for the sale of goods and services
Industry InternetRetail