EBAY Stock Analysis and Trade Opportunity
EBAY reported first-quarter 2023 non-GAAP earnings of $1.11 per share, which beat the Zacks Consensus Estimate by 4.7%. The bottom line increased 5% year over year.
Net revenues of $2.51 billion surpassed the Zacks Consensus Estimate of $2.48 billion. The figure increased 1% from the year-ago quarter on a reported basis and 3% on an FX-neutral basis.
Strengthening momentum across the advertising offerings of EBAY was a tailwind.
eBay’s Promoted Listings generated revenues of $285 million, up 27% on a reported basis and 31% on an FX-neutral basis from the prior-year quarter’s levels. This fueled momentum across EBAY’s first-party advertising products.
EBay shares closed the day above MA200 and 200P Beta Bands at 45.57$.
Cycle Sniper has a bullish deviation.
Cycle Sniper price and signal levels are in positive territory.
MFI headed north.
Our price targets: 47.00, 49.00, and 51.00.
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