Nomura Securities Sees eBay (EBAY) Beating Q1 Views, But Remains Neutral Rated
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Price: $51.18 -0.14%
Rating Summary:
18 Buy, 29 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
18 Buy, 29 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Nomura Securities commented on Neutral-rated eBay (NASDAQ: EBAY) ahead of Q1 results on Wednesday, April 18 after the market close.
The firm expect 1Q EPS of $0.54 vs. the Street at $0.52 and guidance of $0.50 and $0.51.
Analyst Brian Nowak comments, "Near-term numbers are achievable and the marketplaces business is showing signs of improvement, but we’re stretched for material upside as our per-user spend analysis highlights that the site will require continued record-setting incremental user and GMV-per-user growth just in order to meet Street numbers."
He raised 2012E/ 2013E EPS from $2.32/ $2.73 to $2.36/ $2.77, on FX updates, and PT from $32 to $37 on a higher market multiple.
For an analyst ratings summary and ratings history on eBay click here. For more ratings news on eBay click here.
Shares of eBay closed at $36.46 yesterday.
The firm expect 1Q EPS of $0.54 vs. the Street at $0.52 and guidance of $0.50 and $0.51.
Analyst Brian Nowak comments, "Near-term numbers are achievable and the marketplaces business is showing signs of improvement, but we’re stretched for material upside as our per-user spend analysis highlights that the site will require continued record-setting incremental user and GMV-per-user growth just in order to meet Street numbers."
He raised 2012E/ 2013E EPS from $2.32/ $2.73 to $2.36/ $2.77, on FX updates, and PT from $32 to $37 on a higher market multiple.
For an analyst ratings summary and ratings history on eBay click here. For more ratings news on eBay click here.
Shares of eBay closed at $36.46 yesterday.
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