posted on October 15, 2001 10:53:26 AM
eBay's stock is up more than $2/share today, and earnings estimates are looking good. It's arguably the most successful online business around today.
eBay (Nasdaq: EBAY) is due to chime in the next day, Thursday, with $0.11 per share in earnings, up 57% from last year, on $189 million in revenue. The company is expected to earn $680 million in sales this year, and $980 million next year, as it strives toward earning $3 billion in revenue in 2005.
With more than $1 billion in cash and equivalents, zero long-term debt, and a statement confirming that it'll meet estimates despite a slowdown after September 11 (it took a few weeks for traffic to return near normal), eBay may be the strongest positioned company that we own. Its share price reflects that. Its share price could continue to reflect that, as long as eBay doesn't miss a single beat.
posted on October 15, 2001 12:23:48 PM
It may be ready to miss a beat. My listing fee bill is down 25% for the yearly average, and down over 35% year over year.
Sales are down, and it is reflected in my listing fees.
BUT, supposedly eBay's revenue increases won't be coming from small sellers.
