Market Overview

SunTrust Robinson Humphrey Lowers Revenue/EPS Forecast For eBay

Share:
Related EBAY
Weekly Tech Highlights: Apple's 3 New iPhones, BlackBerry's Big Win And More
Exclusive: Moneyball Economist On Smoking Pot 'Keurig Green Mountain' Style
Amazon (AMZN) Brings Prime Now 1-Hour Delivery to Dallas - Analyst Blog (Zacks)

In a report published Wednesday, SunTrust Robinson Humphrey analyst Robert Peck reiterated a Neutral rating and $58.00 price target on eBay (NASDAQ: EBAY).

In the report, SunTrust Robinson Humphrey noted, “We are lowering our forecasts for Ebay, particularly the Marketplaces businesses, due to our estimated negative impact from 1) Google Panda 4.0 and 2) the forced user password reset. We lower our 2Q revenue/EPS forecast 1%/$0.01 to $4.35B/$0.68 vs. guided midpoint at $4.38B/$0.68 and consensus at $4.39B/$0.69. For 2014, we lower our revenue/EPS forecast 1%/$0.03 to $18.2B/$2.95 vs. guided midpoint at $18.3B/$2.98 and consensus at $18.3B/$2.99. For 2015, we lower our revenue/EPS forecast 1.5%/$0.05 to $20.8B/$3.39 vs. consensus at $20.8B/$3.40.”

eBay closed on Tuesday at $50.50.

Latest Ratings for EBAY

DateFirmActionFromTo
Mar 2015Piper JaffrayDowngradesNeutralUnderweight
Mar 2015SusquehannaUpgradesNeutralPositive
Mar 2015AxiomInitiates Coverage onHold

View More Analyst Ratings for EBAY
View the Latest Analyst Ratings

Posted-In: Robert Peck SunTrust Robinson HumphreyAnalyst Color Reiteration Analyst Ratings

 

Related Articles (EBAY)

Around the Web, We're Loving...