EBay (EBAY, $50.03) raised its Q2 earnings guidance

EBay  boosted its second-quarter-earnings guidance, on surging online sales during pandemic-induced lockdown.

The e-commerce company now projects second-quarter revenue to range from $2.75 billion to $2.8 billion. That is a more optimistic outlook compared with an April estimate of $2.38 billion to $2.48 billion.

For the second quarter, EBay now expects non-GAAP earnings per share of $1.02 to $1.06, compared to April forecast of 73 cents to 80 cents.

On full-year guidance, EBay  did not release any figures, but said it expects the full-year performance to improve from the ranges it mentioned on April 29.

“Demand strength is driven by increased organic traffic, better marketing efficiency, and higher platform conversion”, the company said.

EBAY in Uptrend: 50-day Moving Average crossed above 200-day Moving Average on May 28, 2020

A buy signal is indicated by this change in price, due to the trend repositioning higher. In 2 of 2 cases where EBAY's 50-day Moving Average crossed above its 200-day Moving Average, its price rose further within the subsequent month. The odds of a continued Uptrend are 90%.

Current price $50.06 is above $40.90 the highest resistance line found by A.I. Throughout the month of 05/01/20 - 06/03/20, the price experienced a +19% Uptrend. During the week of 05/27/20 - 06/03/20, the stock enjoyed a +6% Uptrend growth.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) just turned positive. Considering data from situations where EBAY's MACD histogram became positive, in 29 of 45 cases, the price rose further within the following month. The odds of a continued Uptrend are 64%.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EBAY advanced for three days, in 197 of 344 cases, the price rose further within the following month. The odds of a continued Uptrend are 57%.

The Aroon Indicator entered an Uptrend today. In 103 of 189 similar cases where EBAY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 54%.

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 21 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The higher Bollinger Band was broken -- a price fall is expected as the ticker heads toward the middle band, which invites the trader to consider selling or shorting the ticker, or exploring put options. In 16 of 38 cases where EBAY's price broke its higher Bollinger Band, its price dropped further during the following month. The odds of a continued Downtrend are 42%.

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 46%. During the last month, the daily ratio of advancing to declining volumes was 2.27 to 1.

The Tickeron Price Growth Rating for this company is 5 (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 10 (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 34 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 84, placing this stock slightly better than average.

The Tickeron Valuation Rating of 35 (best 1 - 100 worst) indicates that the company is fair valued 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: EBAY's P/B Ratio (15.40) is slightly higher than the industry average of (2.87). P/E Ratio (7.71) is within average values for comparable stocks, (94.56). Projected Growth (PEG Ratio) (0.04) is also within normal values, averaging (1.29). Dividend Yield (1.55) settles around the average of (0.62) among similar stocks. P/S Ratio (2.17) is also within normal values, averaging (11.61).

The Tickeron Seasonality Score of 65 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron PE Growth Rating for this company is 89 (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.