eBay Inc (NASDAQ:EBAY) will be reporting its fourth quarter results after the bell on Wednesday, January 22. Th online marketplace company will also hold a conference call at 5:00 p.m. EST. The company is expected to have witnessed slowing growth in its Marketplace business. But the PayPal revenue growth is likely to remain strong in the fourth quarter.

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Analysts not very enthusiastic about eBay

Analysts expect the San Jose, California-based company to record a net profit of $1.05 billion or 66 cents a share. eBay Inc (NASDAQ:EBAY) had earned 57 cents or $927 million in the same period last year. Its fourth quarter revenue is estimated to rise 14.1% YoY to $4.55 billion. Excluding one-time charges, earnings should come at 80 cents a share, up from 70 cents last year. Wall Street hasn’t particularly been enthusiastic about eBay Inc (NASDAQ:EBAY). The consensus EPS estimate is even less than the lower end of the company’s own guidance of 67-69 cents.

Goldman Sachs said in a research note to investors that it forecasts eBay Inc (NASDAQ:EBAY)’s Marketplace revenue at $2.26 billion, up 10.2% from the previous year. Meanwhile, its PayPal revenue is expected to jump 21% YoY to $1.86 billion in Q4. PayPal accounts for more than 37% of the company’s value, and has been adding about 5 million new users every quarter. As of Q3, 2013, PayPal has more than 137.5 million users. PayPal, the payment division of eBay Inc (NASDAQ:EBAY), said recently that its total payment volume rose over 115% YoY on Thanksgiving Day and Black Friday.

eBay mobile traffic sees monster growth

Traffic tracking firm ChannelAdvisor reported that same store sales at eBay.com inched up 11.6% in the fourth quarter, compared to 18.9% in Q3. The company had also provided a cautious holiday outlook, so a deceleration in revenue growth was expected. But mobile is expected to be a bright spot for the company. According to comScore, eBay Inc (NASDAQ:EBAY)’s mobile traffic has seen a significant increase through November. The number of PayPal unique visitors grew 27.9%, Marketplaces uniques were up 123.4%. Overall, number of unique monthly mobile visitors surged 40.6% YoY.

eBay Inc (NASDAQ:EBAY) shares were little changed at $54.11 in pre-market trading Wednesday.