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eBay to announce results on Tuesday

eBay will report its first-quarter results for 2014 on 29 April at 9pm (London time). The consensus is for an earnings per share (EPS) of $0.66 and revenue of $4.2 billion.

eBay is trading at 5465, broadly unchanged since it revealed its Q4 earnings in January when the company’s EPS and revenue were roughly in line with the market expectations.

Paypal achieved record mobile figures last year, and mobile users accounted for 40% of all its new customers in 2013; will this trend continue in 2014?

The internet retailer has lost over 7% in its share price during the past seven weeks, and was dragged lower by the overall decline in tech stocks. If the online auction house reveals a strong set of figures on Tuesday it could provide a buying opportunity.

The share price is finding support around the 200-day moving average of 5377, and has been trading within a tight range over the past two weeks. Should the results exceed expectations, we could see the stock go above the 50-DMA of 5607.

eBay chart

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