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eBay: Cautious Ahead Of Earnings

Summary

EBAY to report 3Q15 earnings on Wednesday with consensus looking for $2.1b in revenue and $0.40 in EPS.

Marketplace could see ongoing GMV challenges due to competitive pressure from both online and offline retailers.

Prefer higher quality ecommerce names such as BABA and AMZN.

eBay (NASDAQ:EBAY) will report its 3Q15 results on Wednesday. Consensus expects $2.1b in revenue and $0.40 in EPS. This will be the first quarter eBay will report post PayPal (NASDAQ:PYPL) split. The issue with eBay is that the segment continues to face unrelenting competitive pressure from rivals including Google (NASDAQ:GOOG) (NASDAQ:GOOGL), whose changes in its search engines continue to impact traffic to eBay, and Amazon (NASDAQ:AMZN), that continues to command a superior brand and perception than eBay among the consumers. Additionally, offline retailers such as Wal-Mart (NYSE:WMT) are also expected to increase focus on ramping up ecommerce, adding further pressure to eBay's...


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