Investing

eBay Historically Adds to Post-Market Earnings Moves in Next Day's Regular Session

eBay (EBAY) is set to post its Q1 results in the extended-hours Tuesday, April 23, and analysts polled by Capital IQ are anticipating a profit of $0.63 per share on revenue of $2.58 billion.

EBAY favors widening between the sessions over the last 15 years, crossing more aggressive next-day percentage closing levels following 36 of 60 after-hours earnings events during those years and narrowing in the other quarters.

Looking deeper into the performance data, EBAY has recorded an after-hours gain in 31 of the 60 quarters we've tracked, and it has seen its gain widen in the same direction in next day trade in 21 of those events, or 68% of the time.

The stock has declined in night trade in 29 of the quarters we've tracked and widened that downside move 15 times in next-day regular session action, or 52% of the time. It has narrowed or reversed direction 46% of the time.

Here's the history:

On Jan. 29, 2019, EBAY dipped 0.8% in evening trade despite beating Q4 estimates. The stock reversed direction the next day, closing the Jan. 30 regular session up 1.1%.

On Oct. 30, 2018, EBAY advanced 4.8% in night trade after topping Q3 profit expectations and setting mostly in-line to better-than-expected guidance. The stock moved higher the next day, closing the Oct. 31 regular session up 5.8%.

On July 18, 2018, EBAY dropped 5% in evening trade after missing Q2 revenue expectations and setting its Q3 and full year sales outlook below the Street's consensus. The stock moved lower in the July 19 regular session, closing down 10.1%.

On April 25, 2018, EBAY declined 3.6% in night trade after meeting Q1 earnings estimates, just missing on revenue, and setting its Q2 outlook in line to below the Street consensus. The stock was hit for deeper declines the next day, closing the April 26 regular session off 5.6%.

On Jan. 31, 2018, EBAY gained 3.5% in after-hours trade after posting Q4 results in line with expectations but also guiding its FY 2018 profit outlook above the Street consensus. The stock soared higher the next day, closing the Feb. 1 regular session up 13.8%.

On Oct. 18, 2017, EBAY dropped 6% in evening trade after meeting Q3 EPS estimates, beating on revenue, and setting a mixed Q4 outlook. The stock cut its declines sharply the next day, ending the Oct. 19 regular session down 1.8%.

On July 20, 2017, EBAY slumped 5.1% in night trade on the back of mixed Q2 results and Q3 guidance. The stock narrowed its declines sharply the next day, ending the July 21 regular session down 1.5%.

On April 19, 2017, EBAY declined 1.8% in after-hours trade after posting in-line Q1 sales results, beating on earnings, and guiding its Q2 mostly below the Street consensus. The stock slumped lower the next day, closing the April 20 regular session down 3.9%.

On Jan. 25, 2017, EBAY surged 9.1% in night trade after beating Q4 earnings expectations and setting its outlook mostly in-line to below Street estimates. The stock narrowed its upside the following day, closing the Jan. 26 regular session with a 5% gain.

On Oct. 19, 2016, EBAY slumped 7.9% in after-hours action after beating Q3 Street estimates and setting mostly in-line guidance. The stock tumbled lower the next day, closing the Oct. 20 regular session off 10.7%.

On July 20, 2016, EBAY advanced 6.5% in night trade after topping Q2 estimates, setting in-line guidance and approving a stock buyback. The stock jumped higher the next day, ending the July 21 regular session up 10.9%.

On April 26, 2016, EBAY edged up 0.6% in after-hours trade after beating Q1 expectations but also setting mixed guidance. The stock firmed higher the next day, closing the April 27 regular session up 3.1%.

On Jan. 27, 2016, EBAY slumped 11.3% in night trade after posting Q4 results in-line to above expectations but also guiding for a weak outlook. The stock moved lower the next day, closing the Jan. 28 regular session down 12.4%.

On Oct. 21, 2015, EBAY gained 9% in after-hours trade after topping Q3 earnings estimates and raising its forward profit view. The stock ramped even higher the next day, closing the Oct. 22 regular session up 13.9%.

On July 21, 2015, EBAY advanced 3.3% in pre-market trade after beating on Q2 earnings expectations but also coming in shy on sales. The stock added slightly to its gains in that day's regular session, closing up 3.4%.

On April 22, 2015, EBAY gained 4.6% in after-hours trade after topping Q1 Street estimates and setting mixed guidance. The stock narrowed its upside the following day, closing the April 23 regular session up 3.7%.

On Jan. 21, 2015, EBAY advanced 2.5% in night trade after beating Q4 earnings expectations but also setting guidance below the Street view. The stock ramped higher the next day, closing the Jan. 22 regular session up 7%.

On Oct. 15, 2014, EBAY declined 1.1% in after-hours trade after beating Q3 expectations but also setting its Q4 view below Street estimates. The stock tumbled lower the following day, ending the Oct. 16 regular session down 4.7%.

On July 16, 2014, EBAY eked out a 0.2% rise in night trade after just topping Q2 EPS estimates and meeting on revenue. The stock firmed slightly higher the next day, ending up 0.6% on July 17.

On April 29, 2014, EBAY declined 4.2% in after-hours trade after beating Q1 expectations but also posting guidance short of estimates. The stock moved deeper in the red the next day, ending down 4.9%.

On Jan. 22, 2014, EBAY jumped 5% in night trade after beating on Q4 EPS, posting in-line sales, and setting guidance below expectations. The stock lost the bulk of its gains the next day, closing the Jan. 23 regular session up 0.9%.

On Oct. 16, 2013, EBAY dropped 4.7% in after-hours trade after beating on Q3 but also setting its Q4 view below Street estimates. The stock narrowed its declines slightly the next day, ending the Oct. 17 regular session off 4%.

On July 17, 2013, EBAY shed 6.1% in night trade after reporting in-line results and guidance. The stock added to its downside the next day, closing the July 18 regular session off 6.7%.

On April 17, 2013, EBAY declined 3.1% in after-hours trade after beating Q1 earnings estimates but also setting Q2 guidance below the Street view. The stock tumbled further the next day, closing the April 18 regular session down 5.8%.

On Jan. 16, 2013, EBAY edged up 0.8% in after-hours trade after beating on Q4 and setting mixed guidance. The stock jumped further north the next day, closing the Jan. 17 regular session up 2.4%.

On Oct. 17, 2012, EBAY dipped 0.6% in night trade after beating on Q3 EPS, meeting on revenue, and setting guidance in line. The stock reversed course the next day, closing the Oct. 18 regular session up 5.4%.

On July 18, 2012, EBAY advanced 5.7% in after-hours trade after posting better-than-expected Q2 results. The stock added to its gains the next day, rising 8.6% by the close on July 19.

On April 18, 2012, EBAY surged 7.6% in night trade after beating on Q1 and setting its guidance mostly in line with expectations. The stock jumped even higher the next day, closing the April 19 regular session up 13.2%.

On Jan. 18, 2012, EBAY gained 1.8% in night trade on the back of better-than-expected Q4 results. The stock firmed higher the next day, rising 3.8% by the close on Jan. 19.

On Oct. 19, 2011, EBAY declined 3.9% in after-hours action after beating on Q3 revenue, meeting on earnings, and setting guidance in line to below Street estimates. The stock narrowed its downside the next day, closing the Oct. 20 regular session off 3.1%.

On July 20, 2011, the stock fell 2% during after-hours trading following a Q2 beat and guidance mostly above the Street view. Shares rose 0.8% the next day.

On April 27, 2011, the stock gained 1% in evening trading following an earnings report that beat the Street view but included mixed guidance. Shares reversed to edged down 0.09% in regular trading the following day.

On Jan. 19, 2011, EBAY advanced 2.7% in after-hours trade after beating Q4 expectations, setting its Q1 outlook in a range that straddled the Street view, and establishing 2011 guidance above estimates. Traders added to that upside the following day, closing the Jan. 20 regular session with a 5.7% advance.

On Oct. 20, 2010, EBAY gained 7.6% in after-hours trade after beating Q3 estimates and setting its Q4 guidance in line to above Street expectations. The stock narrowed its upside the following day, closing the Oct. 21 regular session up 5.9%.

On July 21, 2010, EBAY gained 3.1% in after-hours trade after beating Q2 expectations and setting mixed guidance. It moved higher the following day, closing the July 22 regular session up 3.8%.

On April 21, 2010, the stock fell 8.7% during extended-hours trading after a Q1 beat but Q2 guidance below the Street view. Shares fell a slimmer 5.7% the next day.

On Jan. 20, 2010, the stock was up 8.4% during evening trading after a Q4 beat. Shares rose 8.5% the next day.

On Oct. 21, 2009, the stock fell 4.6% in evening trading after EBAY beat by a penny with Q3 EPS and guided for Q4 in line to below the Street view. The stock fell a slightly slimmer 4.2% the following day.

On July 22, 2009, EBAY gained 4.6% in after-hours trade after beating Q3 expectations and setting its guidance in line with Street estimates. The stock firmed higher the following day, ending the July 23 regular session up 10.6%.

On April 22, 2009, the stock advanced 5.3% after a Q1 beat and Q2 guidance that straddles the Street view. Shares more than doubled that move the next day, closing up 12.3%.

On Jan. 21, 2009, EBAY shed 4.3% in after-hours action after missing revenue expectations and setting guidance below the Street view. The stock went deeper into the red the next day, losing 12.1% by the close on Jan. 22.

On Oct. 15, 2008, EBAY declined 4.5% in evening trade after beating Q3 expectations but also issuing disappointing guidance. The stock narrowed its downside slightly the next day, closing the Oct. 16 regular session down 4.2%.

On July 16, 2008, the stock fell 6.7% during evening trading after the company beat with Q2 results but offered mixed guidance. The loss doubled to 13.8% the next day.

On April 16, 2008, the stock edged up 0.09% in evening trading after the company reported ahead of the Street with Q1 results, sets 2008 guidance above Street, Q2 view in line. Shares ended down 3.4% the next day.

On Jan. 23. 2008, the stock fell 5% during evening trading after EBAY reported ahead of the Street with Q4 but disappointed with guidance. The loss was a slightly deeper 6% the next day.

On Oct. 17, 2007, EBAY climbed a mere 0.4% higher in evening trade after beating Street estimates and guiding higher. That upside was pushed aside the following day, and EBAY lost 6.1% in regular session trade.

On July 18, 2007, EBAY slipped 1.7% in after hours despite beating Q2 estimates and raisings its FY EPS outlook to in line to above expectations. Shares trimmed their losses the next day to end the regular session down 1.6%.

On April 18, 2007, EBAY edged up 2.6% after topping Q1 EPS forecasts and issuing guidance that is mostly in line to ahead of expectations. However, shares could not hold those gains and slipped back 3.6% by the end of the next day's regular session.

On Jan. 24, 2007, the stock was up 12.4% in night trade after topping with Q4 results and setting a buyback. The gain was a slimmer 8.1% the next day.

On Oct. 18, 2006, EBAY rose 1.8% in night trade after topping Q3 EPS estimates by two pennies. Shares strengthened further the following day, ending the regular session up 7%.

On July 19, 2006, shares gained 5.2% in the evening session after the company reported in line with EPS, set a buyback, but offered mixed guidance. Shares fell 4.9% the next day.

On April 19, 2006, EBAY dropped 4.6% in after-hours when the company beat Q1 EPS estimates but guided Q2 below Street views. The shares extended their losses the next day, ending the regular session down 8.8%.

On January 18, 2006, EBAY slipped 2.5% in night trade after topping Q4 estimates but guiding for Q1 and FY06 below Street views. The shares, though, recovered the next day and ended regular-hours trading up 5.2%.

On Oct. 19, 2005, EBAY lost 5.5% in after-hours trade after beating on revenue, posting in-line EPS, and guiding for weaker-than-expected earnings. Sellers continued to hit the issue for deeper declines on Oct. 20, sending EBAY down 6.8% by the closing bell.

On July 20, 2005, EBAY rose 14.2% in after-hours trade after reporting Q2 results that beat analysts' expectations and forecasting 2005 earnings above expectations. The stock widened its gains the following day, closing up 20.7% in regular hours trade.

On April 20, 2005 EBAY advanced 0.2% in night trade after beating expectations and guiding mostly in-line. It saw those slim gains disappear on April 21, and the stock slipped a modest 0.09% between the bells.

EBAY was hit for an 11.7% decline the night of Jan. 19, 2005 after the company reported Q4 EPS results a penny shy of expectations and trimmed its outlook. The stock saw more aggressive downside momentum in the Jan. 20 regular session, closing down 19.1%.

EBAY added 3.2% the night of Oct. 20, 2004, after the company beat expectations and guided higher. It soared 9% by the Oct. 21 closing bell.

EBAY shed 5.3% in the July 21, 2004 after-hours session following better-than-expected results but light guidance. It pared its declines in next-day trade, ending bell-to-bell trade up 1%.

Finally, on April 21, EBAY ran 3.2% higher in after-hours trade on bullish results and a strong outlook. The stock jumped 10.4% in the April 22 regular session.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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