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Q2 Preview: eBay (EBAY) Investors Remain Focused on Payments Business, FX Impacts

By StreetInsider.com July 18, 2012, 11:07:59 AM EDT

Earnings History Analyst Commentary:
  • Goldman Sachs - Sees the company beating consensus forecasts by about $100 million on sales and about 1-2 cents on the EPS, citing "continued strong growth in payments and marketplaces revenue growth is partially offset by FX adjustments and Euro macro pressures." The firm said eBay remains a "significant" discount to peers and its own growth rate given "continued strong revenue growth and margin expansion in both payments and marketplaces."

    Goldman is modeling for PayPal sales to be up 26 percent year-over-year to $1.35 billion. This would down slightly from growth of 32 percent during the first quarter.

    Maintains Buy rating and $48 price target.

    • BGC Partners - Expecting inline results and said "given the impact of currency and expected weakness in Europe, it is reasonable that September quarter guidance the company may issue on the earnings calls may be below current estimates. That said, PayPal remains the best way for investors to have exposure to online and mobile payments, and the marketplace turnaround is producing GMV growth both on an overall basis and in the United States."

      Maintains Buy rating and $44 price target.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Earnings, Stocks

Referenced Stocks: EBAY



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