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Is It Really Time to Buy eBay Stock?
The Street appears to be growing more optimistic that eBayâs (EBAY) first quarter results could beat expectations.
J.P. Morganâs Imran Khan wrote today that based on analysis of both listings and revenue per listing, he is âcomfortableâ? that the company is âtracking ahead of Street consensusâ? for the quarter of $1.71 billion in revenue and profits of 30 cents a share. He says quarter-to-date listings are tracking up 8% year-over-year, or 11% ex-China and Taiwan.
U.S. listings are up 2%, ex-Motors and Stores, but down 0.9% overall. Khan maintains his Overweight rating on the stock, asserting that âbetter than expected revenue growth and improving margins will lead to multiple expansion and relative stock price outperformance.â?
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