What To Expect From eBay’s Q2 Results
eBay (NASDAQ:EBAY) is scheduled to report its Q2 results on Wednesday, July 20. We expect eBay’s active buyers to remain around 162 million, and expect the company’s gross merchandise value to decline in the low single digits to around $19.5-$20 billion. We also expect eBay’s Q2 top line to grow in low single digits and meet the Reuters’ compiled consensus estimate of $2.16 billion.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 July 2016. eBay reported negative same-store-sales (SSS) growth in April 2016 owing to declining marketplace sales, partially offset by growth in eBay Motors (parts and accessories) sales. This improved to 2.8% in May.
In comparison, Amazon (NASDAQ:AMZN) and Google Shopping (NASDAQ:GOOG) reported year-over-year SSS growth of over 12% and 41%, respectively. The average e-commerce growth rate predicted by comScore for May 2016 was 15%. ((May 2016 ChannelAdvisor Same Store Sales (SSS), Channeladvisor.com, June 6 2016))
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