eBay (EBAY) is expected to report Q1 earnings after the market close on Wednesday, April 21 with a conference call scheduled for 5:00 pm ET.
Analysts are looking for a profit of 41c on revenue of $2.18B. The consensus range is 39c-43c for EPS and $2.06B-$2.26B for revenue, according to First Call. In January, eBay forecast Q1 EPS 39c-41c on revenue of $2.1B-$2.2B, and FY10 EPS $1.63-$1.68 vs. First Call consensus of $1.67 on revenue of $8.8B-$9.1B vs. First Call consensus of $9.12B. Barron's said in January that eBay is set for a strong year with the growing adoption of online shopping and a modest economic recovery, and the online auction site has announced plans for PayPal to double its presence in Asia by the end of the year. In addition, PayPal announced a newer, cheaper way for businesses to handle transactions that are less than $10, and eBay said it will begin selling upscale fashions through "flash sales." Also in the quarter, an appeals court found that eBay did not infringe Tiffany's (TIF) trademark.
As for quarterly results, Jefferies analyst Youssef Squali says he believes PayPal remains a bright spot for eBay, and expects the unit to notch $20.8B in payment volume, or 31% growth year-over-year. Ben Schacter, an analyst at Broadpoint, believes the company's marketplace revenue will grow 16.6% year-over-year, but says he remains "somewhat cautious" on changes implemented to tweak the fee structure and incentives for sellers.