eBay Estimates Raised Ahead of Earnings

It's going to be an interesting Q2 earnings release. One on hand we have a vocal group of sellers clamoring that traffic is down, sales are down, listings are down and conversions are down. And on the other we have a growing group of research analysts stating the 2008 changes (EBAY) has implemented are showing progress and raising estimates for Q2 and the remainder of the year.

Tuesday it was Morgan Stanley who claimed negative sentiment on EBAY was overdone and that it sees upside to current Q2 estimates. Wednesday it is Bank of America and Citigroup, who both raised their Q2 estimates and said EBAY is likely to beat consensus in Q2.

Zacks analyst Rob Plaza provides the 'consensus' view, stating that EBAY is fairly valued where it is withe the positives already reflected in the share price.

Comments

[Tippie:]

eBay needs to start paying dividends to their investors! Analysts claim this company is on solid ground and making millions! So why is it that shareholders don't see a dime of this so called profit? I think it's all Hogwash like Enron...Top brass is looting the till and will until this stock finally sinks into oblivion. Another ENRON if you ask me.

2008 Jul 10 12:40 PM

[George Will...:]

The past few months of changes they have made to sellers is unconscionable, but it must be the right business move as the street seems to like what they see. Will be interesting moving forward to see how Congress deals with them as a monopoly, both on the auction and payment processing fronts (PayPal), and how that will eventually affect the stock price.

2008 Jul 10 12:42 PM

[Wake-Up!:]

Got that right Tippie! Enron is putting it mild. All one really needs to do is head over to Seller Central in the eBay Community forums to get the clear picture from real sellers.

eBay has flipped it's lid and gone off the deep end. This place is and has been in a death spiral to which there is no recovery. It's just a matter of time before they're headline news, just like Enron. In my opinion...

Link to Seller Central: forums.ebay.com/db2/fo...

Listen to what they have to say over there. That's where the truth is, although sometimes you may have to look on page 79-88 to find it, that's where the truth gets shuffled off to or deleted by the pinks.

2008 Jul 10 01:35 PM