What To Expect From eBay’s Q1 Results

April 25th, 2016 by Trefis Team
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eBay (NASDAQ:EBAY) is scheduled to report its Q1 2016 financial results on Tuesday, April 26. We expect eBay’s active buyers to remain around 162 million, and expect the company’s gross merchandise value to decline in low single digits to around $20.5 – 21 billion. We also expect eBay’s Q1 top line to remain flat and meet the Reuters’ compiled consensus estimate of $2.08 billion.ebay23

We base our estimates on eBay’s lackluster growth momentum in the last few quarters and the latest same-store-sales data from ChannelAdvisor. According to early indications from the latter, eBay’s sales under-performed the broader e-commerce market during the three-month period ending March 2016. eBay reported negative same-store-sales (SSS) growth in March 2016 owing to declining marketplace sales, partially offset by growth in eBay Motors (parts and accessories) sales. In comparison, Amazon (NASDAQ:AMZN) and Google Shopping (NASDAQ:GOOG) reported year-over-year SSS growth of about 15% and 42%, respectively. The average e-commerce growth rate predicted by comScore for March 2016 was 15%. [1]

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Notes:

1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Ebay
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Notes:
  1. March 2016 ChannelAdvisor Same Store Sales (SSS), Channeladvisor.com, April 6 2016 [↩]