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Top 3 Earnings Today - EBay, Microsoft And Visa

Is an earnings surprise on the cards in eBay Inc's (NASDAQ:EBAY) Q2 earnings release?

eBay Inc (NASDAQ:EBAY) is scheduled to report its Q2 earnings today after markets close. eBAY stock is slowly building momentum going into its second quarter earnings. The stock is on course for one of the best YTD returns in its history. EBAY stock has YTD returns of nearly 25% compared to 18.61% for the Nasdaq Composite (INDEX:COMPX). The e-commerce company's shares are also near its 52-week high and the sentiment is very upbeat ahead of earnings. Wall Street expects the company to report a revenue of $2.31 billion, translating to a minor 3.6% YoY rise. The management had guided for a revenue of $2.28 billion to $2.32 billion which, implying an FX neutral growth of 5% to 7% YoY. Analyst estimates come very close to the higher end of the guidance. In the Q1 earnings call, the management had stated that this revenue growth range also takes into account "Marketplace volume and revenue growth acceleration offset by StubHub and PayPal operating agreement comparisons".

Coming to earnings per share, analysts expect Non-GAAP earnings per share to come in at 45 cents, compared to 43 cents in the year ago quarter. Further, the so-called Whisper number, The Street's unofficial view on earnings, is $0.47. Another notable announcement on the earnings front in the Q1 earnings call was the full-year GAAP EPS guidance revision. The company increased its full-year GAAP EPS guidance to a $1.80-$2.20 per share range on account of deferred tax assets recorded in the first quarter. eBay Inc faces stiff competition from the likes of Amazon (NASDAQ:AMZN) and Walmart (NYSE:WMT) with the online market expanding. Two key metrics which investors should be closely monitoring in the latest earnings is the gross merchandise volume...