{"id":84333,"date":"2023-11-14T07:49:42","date_gmt":"2023-11-14T12:49:42","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/down-4-ytd-what-should-you-expect-from-ebay-stock\/"},"modified":"2023-11-14T07:49:44","modified_gmt":"2023-11-14T12:49:44","slug":"down-4-ytd-what-should-you-expect-from-ebay-stock","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=84333","title":{"rendered":"Down 4% YTD, What Should You Expect From EBay Stock?"},"content":{"rendered":"
\n

eBay\u2019s stock (NASDAQ
\n NDAQ
\n <\/fbs-ticker>: EBAY) has lost roughly 4% YTD, as compared to the 14% rise in the S&P500 index. However, at its current price of $40, the stock is trading 13% below its fair value of $46 \u2013 Trefis\u2019 estimate for eBay\u2019s valuation<\/strong>. <\/strong><\/p>\n

Amid the current financial backdrop, EBAY stock has seen a decline of 20% from levels of $50 in early January 2021 to around $40 now, vs. an increase of about 15% for the S&P 500 over this roughly 3-year period. However, the decrease in EBAY stock has been far from consistent. Returns for the stock were 32% in 2021, -38% in 2022, and -4% in 2023. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 14% in 2023 – indicating that EBAY underperformed the S&P<\/strong> in 2022 and 2023. In fact, consistently beating the S&P 500<\/strong> – in good times and bad – has been difficult over recent years for individual stocks; for heavyweights in the Consumer Discretionary sector including AMZN, TSLA, and TM, and even for the megacap stars GOOG, MSFT, and AAPL. In contrast, the Trefis High Quality Portfolio, with a collection of 30 stocks, has outperformed the S&P 500 each year<\/strong> over the same period. Why is that?<\/strong> As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride as evident in HQ Portfolio performance metrics. Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could EBAY face a similar situation as it did in 2022 and 2023 and underperform the S&P<\/strong> over the next 12 months – or will it see a recovery?<\/p>\n

The company outperformed the consensus estimates of earnings in the third quarter of 2023, while the revenues were in line with expectations. It posted total revenues of $2.5 billion \u2013 up 5% y-o-y, driven by higher take rate (net revenues divided by gross merchandise value) and investment in focus categories. Notably, the gross merchandise value improved 2% y-o-y in the quarter. On the expense front, the operating expenses as a % of revenues witnessed a favorable drop. Further, the income from equity investments grew from -$593 million to $1.2 billion. Overall, it resulted in a net income of $1.3 billion as compared to the net loss of $69 million in the year-ago period.<\/p>\n

The revenues grew 4% y-o-y to $7.55 billion in the first nine months of FY2023, primarily because of a higher take rate. However, the website traffic suffered over the same period due to tough macroeconomic conditions. Further, the GMV was reduced by 1% y-o-y. On the cost front, the operating expenses as a % of revenues increased from 66% to 72%. That said, the negative impact was more than offset by a sizable jump in gain on equity investments from -$4.1 billion to $1.2 billion. Altogether, the net income improved from -$1.9 billion to $2 billion.<\/p>\n

<\/fbs-ad><\/p>\n

Moving forward, <\/strong>eBay\u2019s revenues<\/strong> are estimated to touch $10.06 billion in FY2023. Further, the firm\u2019s revenue per share is likely to increase from $17.55 to $19.80 in the year. This coupled with a P\/S multiple of 2.3x will lead to a valuation of $46.<\/p>\n

Invest with Trefis <\/strong>Market Beating Portfolios<\/strong><\/p>\n

See all Trefis <\/strong>Price Estimates<\/strong><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

eBay\u2019s stock (NASDAQ NDAQ : EBAY) has lost roughly 4% YTD, as compared to the 14% rise in the S&P500 index. However, at its current price of $40, the stock is trading 13% below its fair value of $46 \u2013 Trefis\u2019 estimate for eBay\u2019s valuation. Amid the current financial backdrop, EBAY stock has seen a […]<\/p>\n","protected":false},"author":1,"featured_media":84334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-84333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-featured"],"yoast_head":"\nDown 4% YTD, What Should You Expect From EBay Stock? | iFintechWorld<\/title>\n<meta name=\"description\" content=\"eBay\u2019s stock (NASDAQ NDAQ : EBAY) has lost roughly 4% YTD, as compared to the 14% rise in the S&P500 index. However, at its current price of $40, the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=84333\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Down 4% YTD, What Should You Expect From EBay Stock? | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"eBay\u2019s stock (NASDAQ NDAQ : EBAY) has lost roughly 4% YTD, as compared to the 14% rise in the S&P500 index. However, at its current price of $40, the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=84333\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-14T12:49:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-14T12:49:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/11\/1699966183_0x0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1350\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=84333#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=84333\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Down 4% YTD, What Should You Expect From EBay Stock?\",\"datePublished\":\"2023-11-14T12:49:42+00:00\",\"dateModified\":\"2023-11-14T12:49:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=84333\"},\"wordCount\":529,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=84333#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=84333\",\"url\":\"https:\/\/ifintechworld.com\/?p=84333\",\"name\":\"Down 4% YTD, What Should You Expect From EBay Stock? | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-11-14T12:49:42+00:00\",\"dateModified\":\"2023-11-14T12:49:44+00:00\",\"description\":\"eBay\u2019s stock (NASDAQ NDAQ : EBAY) has lost roughly 4% YTD, as compared to the 14% rise in the S&P500 index. However, at its current price of $40, the\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=84333#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=84333\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=84333#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Down 4% YTD, What Should You Expect From EBay Stock?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Down 4% YTD, What Should You Expect From EBay Stock? | iFintechWorld","description":"eBay\u2019s stock (NASDAQ NDAQ : EBAY) has lost roughly 4% YTD, as compared to the 14% rise in the S&P500 index. However, at its current price of $40, the","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=84333","og_locale":"en_US","og_type":"article","og_title":"Down 4% YTD, What Should You Expect From EBay Stock? | iFintechWorld","og_description":"eBay\u2019s stock (NASDAQ NDAQ : EBAY) has lost roughly 4% YTD, as compared to the 14% rise in the S&P500 index. However, at its current price of $40, the","og_url":"https:\/\/ifintechworld.com\/?p=84333","og_site_name":"iFintechWorld","article_published_time":"2023-11-14T12:49:42+00:00","article_modified_time":"2023-11-14T12:49:44+00:00","og_image":[{"width":1350,"height":900,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/11\/1699966183_0x0.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=84333#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=84333"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Down 4% YTD, What Should You Expect From EBay Stock?","datePublished":"2023-11-14T12:49:42+00:00","dateModified":"2023-11-14T12:49:44+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=84333"},"wordCount":529,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=84333#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=84333","url":"https:\/\/ifintechworld.com\/?p=84333","name":"Down 4% YTD, What Should You Expect From EBay Stock? | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-11-14T12:49:42+00:00","dateModified":"2023-11-14T12:49:44+00:00","description":"eBay\u2019s stock (NASDAQ NDAQ : EBAY) has lost roughly 4% YTD, as compared to the 14% rise in the S&P500 index. However, at its current price of $40, the","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=84333#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=84333"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=84333#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Down 4% YTD, What Should You Expect From EBay Stock?"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/84333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=84333"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/84333\/revisions"}],"predecessor-version":[{"id":84335,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/84333\/revisions\/84335"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/84334"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=84333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=84333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=84333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}