eBay ($EBAY) will report its first-quarter results today after market close. The e-commerce company has made several changes recently, including selling its sports and entertainment ticket marketplace StubHub to U.K. company Viagogo for $4.05 billion.
Analysts see adjusted earnings of 73 cents per share, up 9% from the 2019 period. Revenue is expected to fall 13%, as Investor’s Business Daily reports. eBay stock edged up 0.7% today and active buyers on the e-commerce platform are expected to reach 171 million.
According to our data, Ebay’s social media activity reflects more users turning to the platform. More people browsing the internet in quarantine means more people bidding on blenders. The company’s Facebook mentions have increased by 105% since February.
But the pandemic is slowing the company’s hiring efforts. Job openings decreased by 11% since the beginning of April, but they seem to be climbing back up.
eBay appointed a new chief executive earlier this month — Jamie Iannone, former CEO of Walmart’s e-commerce business — and is hoping to continue restructuring and selling some of its business during the pandemic. Today’s earnings could be indicative of whether these plans are realistic.
About the Data:
Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales, and app ratings - and creates data sets that measure factors like hiring, revenue, and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.
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