PREVIEW: eBay shares outperform, Q1 EPS seen rising, rev seen slipping

Shares in eBay Inc EBAY.O up ~0.5%, outperforming a ~2% drop in the broader consumer discretionary sector, ahead of the e-commerce firm's Q1 financial report due after market close

EBAY seen reporting adj EPS of $1.34 vs $1.25 year-ago on rev of $2.55 bln vs. $2.56 bln in the year-ago quarter according to latest data gathered by LSEG

In last 8 quarters, rev. met or beat street expectations 7 times while EPS beat every time

In late Feb, eBay warned Q1 rev would miss street view with economic uncertainty pushing less affluent buyers to cut discretionary spending, its $2.52 billion-$2.56 billion forecast range missed consensus at the time of $2.59 billion

Still eBay shares up 9% YTD vs ~13% decline for S&P 500 consumer discretionary sector .SPLRCD