eBay (NASDAQ: EBAY) investors had a fantastic 2020, with the stock price comfortably outpacing the broader market during the pandemic-fueled e-commerce boom. Sure, companies like Amazon and Shopify posted wider gains. But eBay’s nearly 40% share-price spike reflected some major operating wins and kept it ahead of other huge online businesses, including Walmart.
Investors are about to learn exactly how well eBay did in 2020 when the company announces its holiday season results. The strength of that performance, along with management’s official outlook for 2021, will determine whether the stock continues its winning streak into the new year.
Let’s take a closer look at the company in advance of the fourth-quarter earnings report’s release on Wednesday, Feb. 3, and what investors should watch for.