Ahead of eBay (EBAY) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics

In its upcoming report, eBay (EBAY) is predicted by Wall Street analysts to post quarterly earnings of $1.43 per share, reflecting an increase of 5.2% compared to the same period last year. Revenues are forecasted to be $3.13 billion, representing a year-over-year increase of 11%.

Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.

Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.

In light of this perspective, let's dive into the average estimates of certain eBay metrics that are commonly tracked and forecasted by Wall Street analysts.

The average prediction of analysts places 'Take rate' at 13.7%. Compared to the present estimate, the company reported 14.0% in the same quarter last year.

According to the collective judgment of analysts, 'Gross Merchandise Volume - Total' should come in at $22.33 billion. The estimate compares to the year-ago value of $20.11 billion.

The collective assessment of analysts points to an estimated 'Gross Merchandise Volume - International' of $10.70 billion. Compared to the current estimate, the company reported $10.23 billion in the same quarter of the previous year.

Analysts expect 'Gross Merchandise Volume - U.S.' to come in at $11.64 billion. The estimate is in contrast to the year-ago figure of $9.87 billion.

Analysts' assessment points toward 'Active Buyers' reaching 136.73 million. The estimate is in contrast to the year-ago figure of 134.00 million.

Shares of eBay have experienced a change of +13.2% in the past month compared to the -1.2% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), EBAY is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

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This article originally published on Zacks Investment Research (zacks.com).

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