Company Update: eBay Inc (NASDAQ:EBAY) – eBay Introduces Boxing Weekend, a New Way to Sell Holiday Gifts

[Business Wire] – Most Americans will receive a gift that was just not the right fit for them this year, making it the perfect time to sell items that are no longer needed. Instead of letting those gifts linger at home – which more than a third of us have done in the past1 – eBay has teamed up with select Westfield shopping centers across the country to repurpose Boxing Day for Americans, giving them a variety of simple … Read more on this. eBay Inc. (EBAY) , currently valued at $34.30B, started trading this morning at $28.52. A quick look at the market, the company’s stock traded between $28.26 and $28.66 with its 52-week range being $22.11 to $29.83. eBay (EBAY) shares are currently priced at 15.61x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.45x earnings multiple for the same period. According to a consensus of 34 analysts, the earnings estimate of $0.50 per share would be $0.05 worse than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $1.83 is a $0.06 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.32 Billion. If reported, that would be a 52.85% decrease over the year-ago quarter. More recently, Morgan Stanley Initiated EBAY at Equal-Weight (Jul 23, 2015). Previously, Raymond James downgraded EBAY from Outperform to Mkt Perform. The average price target for EBAY shares is $30.33, which is 6.35% above where the stock opened this morning. See more in (NASDAQ:EBAY) Similar Articles: Company Update: eBay Inc (NASDAQ:EBAY) – New Study from eBay and TNS Shows Holiday Shopping Starts Earlier This Season Market Update: eBay Inc (NASDAQ:EBAY) – eBay Marks 20 Years as Vibrant Global Marketplace, Introduces New App Experience to Discover Great Value and Unique Selection Stock Update: eBay Inc (NASDAQ:EBAY) – EBay, PayPal outline plans for after split