eBay (NASDAQ:EBAY) reported its Q1 earnings results on Wednesday, May 4, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
eBay beat estimated earnings by 1.94%, reporting an EPS of $1.05 versus an estimate of $1.03.
Revenue was down $540.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05 which was followed by a 1.56% increase in the share price the next day.
Here's a look at eBay's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1 | 0.89 | 0.95 | 1.07 |
| EPS Actual | 1.05 | 0.90 | 0.99 | 1.09 |
| Revenue Estimate | 2.61B | 2.46B | 3.00B | 2.97B |
| Revenue Actual | 2.61B | 2.50B | 2.67B | 3.02B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
eBay management provided guidance for FY 2022, expecting earnings between $3.9 and $4.1 per share.
To track all earnings releases for eBay visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
