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What To Expect From PayPal’s First Post-eBay Quarter

PayPal (PYPL) is set to report its third-quarter earnings after the close on Wednesday, marking its first quarter after spinning off from eBay (EBAY - Get Report) in July.

Analysts are expecting revenue of $2.3 billion with earnings of 29 cents a share, according to Thomson Reuters estimates. PayPal brought in $2.3 billion in revenue and earnings of 33 cents a share in the last quarter.

Since separating from eBay, PayPal has launched several new products, announced some new partnerships and acquisitions, and hit some new milestones.

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The company launched, a peer-to-peer payment feature akin to Venmo (also owned by PayPal), but for a more global user base. It acquired two companies, Xoom and Modest, to broaden its capabilities, and expanded its One Touch payment service to new markets.

Must Read: PayPal Stock Is Down Post-Spinoff, but Don't Count It Out

PayPal also partnered with Macy's to further its in-store efforts, which have been lagging in the past.

In addition, the company announced that Braintree, which is owned by PayPal and provides backend payment services for apps such as Uber and Hotel Tonight, is on track to process $50 billion in transactions in 2015, up from $12 billion in 2013 when it was acquired by PayPal. And at the Money 20/20 conference on Tuesday, PayPal CEO Dan Schulman said the company had given out $1 billion in loans to 60,000 small businesses since it began its lending program two years ago.

Though shares dropped more than 16% during the quarter, they have now rebounded and are only down 3% from the spinoff.

Here's what analysts are saying about PayPal in advance of its earnings.

Josh Beck, Pacific Crest (Sector Weight)

Expect a beat/raise and strong near-term results, but we still...