Monday, January 12, 2009
eBay Q4 Earnings Call Announced!
The eBay Q4 earnings call will be held on January 21st, 2009 at 2:00 PM PST. You will be able to get the first blush earnings info from the web, CNBC and Fox Business but the conference call will have all the detail.
You can listen in by linking here on the 21st.
This is possibly the most important earnings call in the history of eBay and certainly John Donahoe's most important call. Q4's numbers will tell the story of how the recent changes have worked and if they do not meet the top end of expectations the Street will not be happy.
Here's my 15% on the numbers:
I believe that eBay was able to meet the top end of their guidance for the 4th Quarter, but that all other marketplace metrics (users, traffic, GMV, etc) will be down Y/Y. In their guidance for the 4th quarter they really lowered the bar of expectations, so meeting or slightly beating their guidance should not be celebrated with a party. They will still be flat to down Y/Y
Look for a non-GAAP EPS of $0.41 as opposed to $0.45 in 2007 and revenue for the quarter at $2.16 billion as opposed to $2.18 billion . The buzz in the marketplace today is nothing like it was in early Oct. when eBay came out before the earnings call and lowered expectations. I believe they were able to fix the search problems of early Oct in time to save the quarter but they will still be flat or down Y/Y.
This news, taken on its own, should give the share price a bump; that is until Amazon announces their numbers later in the month.