eBay (EBAY) Slammed on Lackluster Quarter, Outlook
eBay (NASDAQ: EBAY) is down 11.4% in early trading Thursday following in-line fourth quarter but a light outlook as FX weighed.
eBay reported Q4 EPS of $0.50, in-line with the analyst estimate of $0.50. Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.32 billion. GMV of $22 billion was 1% below expectations, according to Evercore ISI analyst Ken Sena.
RBC Capital analyst Mark Mahaney analyst noted that marketplace metrics were a bit light. 4% Active Buyers growth and 4% Sold Items growth are recent historic lows, he notes.
StubHub was a bright spot. The units showed 30% GMV growth and 34% revenue growth, driven by pricing format changes and an improved Mobile interface.
The company generated $1 billion in FCF and repurchased $550 million in stock during the quarter.
The company sees Q1 EPS of of $0.43 - $0.45, versus the consensus of $0.48, and net revenue between $2.05 billion and $2.10 billion, versus the consensus of $2.2 billion.
It sees FY2016 EPS of $1.82-$1.87, versus the consensus of $1.83. eBay sees FY2016 revenue of $8.5-8.8 billion, versus the consensus of $8.59 billion.