ReutersReuters

PREVIEW: Ebay shares edge down, Q1 EPS, rev seen rising y/y

** Shares in eBay Inc EBAY down 0.1% on Wednesday ahead of quarterly results due after market close

** Wall Street sees e-commerce platform eBay reporting adj EPS of $1.20 vs $1.11 year-ago on revenue of $2.53 bln, which would be up 0.9% y/y, according to LSEG

** In last 8 quarters, eBay's rev and EPS roughly met or beat expectations every time

** In late February eBay reported Q4 results that beat market expectations for revenue, profit helped by healthy holiday season consumer spending and strength in focus categories such as refurbished goods and auto parts

** Ebay shares last traded at $51.51 vs median PT of $50, according to LSEG which shows ratings by 31 analysts with 3 'strong buy,' 6 'buy,' 20 'hold' and 2 'sell' recommendations

** YTD shares in eBay up ~18% vs decline of ~1% for S&P 500 consumer discretionary index S5COND

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