S&P Capital IQ Reiterates its HOLD Rating on EBAY

October 21 00:00 2011

New York, October 21 (RainbowNewsLine.com) – Analyst Scott Kessler of S&P Capital IQ reiterates his BUY rating on the shares of EBAY (NASDAQ:EBAY), while adjusting his estimates for the company.

Analyst Scott Kessler, in a research report published yesterday mentions that the company reported its Q3 EPS ahead of the estimates. Revenues rose 32% due to solid performance in major segments such as Marketplaces, Payments and GSI. The EPS estimate for 2011 has been raised from $1.70 to $1.75, while the EPS estimate for 2012 has been reduced to $2.05 from $2.15 reflecting the effects on gross margins by a less favorable business/revenue mix.