Disappointing forecast for Q4 and 2023
- eBay’s revenue outlook falls short of expectations
- Fourth quarter revenue expected to be between $2.47 billion and $2.53 billion
- 2023 revenue forecasted to be between $10.02 billion and $10.08 billion
- Adjusted earnings per share expected to be between $1 and $1.05 for Q4
- Analysts expected higher revenue and earnings per share for both Q4 and 2023
Online marketplace eBay has issued its revenue outlook for the fourth quarter and 2023, and it has fallen short of expectations. The company expects revenue between $2.47 billion and $2.53 billion for Q4, with adjusted earnings per share of $1 to $1.05. However, analysts were anticipating revenue around $2.6 billion and adjusted earnings of $1.04 per share. For 2023, eBay forecasts revenue between $10.02 billion and $10.08 billion, with adjusted earnings per share between $4.17 and $4.22. Analysts, on the other hand, expected $10.16 billion in revenue and $4.14 in adjusted earnings per share for the year.
Factuality Level: 8
Factuality Justification: The article provides specific information about eBay’s outlook for the current quarter and 2023, including revenue and earnings per share forecasts. The information is supported by analyst expectations from FactSet. However, it does not provide any additional context or analysis.
Noise Level: 7
Noise Justification: The article provides information on eBay’s outlook for the current quarter and 2023, including revenue and earnings per share forecasts. However, it lacks analysis, evidence, or actionable insights. It also does not explore the consequences of these forecasts on stakeholders or hold powerful people accountable. The article stays on topic and does not dive into unrelated territories.
Financial Relevance: Yes
Financial Markets Impacted: eBay
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article provides financial information about eBay’s outlook for the current quarter and 2023. It does not mention any extreme events.
Public Companies: eBay (EBAY)
Key People:
Reported publicly:
www.marketwatch.com 
