Solid News

The price of stocks of the American online retail company eBay Inc. continues to correct and is around 49.00.

The financial report on the results of activities in Q2 will be published tomorrow. According to analysts' forecasts, revenue could reach 2.37B dollars with management's expectations of 2.35–2.4B dollars, and earnings per share – 0.88 dollars, which also coincides with the consensus forecast in the range of 0.87–0.91 dollars. On an annualized basis, the company still expects EPS in the range of 3.90-4.10 dollars, which, given current indicators, is unlikely, as is achieving annual revenue in the region of 9.6–9.9B dollars.  

The date of the next dividends will be announced after the publication of the financial report. According to preliminary forecasts, the payout may amount to the standard for this year 0.22 dollars per share, which corresponds to a yield of 1.80–1.90% per annum.  

eBay Inc. stocks are trading within a long-term descending channel, coming close to the resistance line. The range of EMA fluctuations on the alligator indicator continues to actively expand, and the histogram of the AO oscillator forms new bars with a tendency to increase, being in the buying zone.

Support levels: 45.30, 40.30. | Resistance levels: 51.10, 56.60.