Stock Update: eBay Inc (NASDAQ:EBAY) – eBay Inc. Reports Fourth Quarter and Full Year 2015 Results

[Business Wire] – eBay Inc. , a global commerce leader, today reported that gross merchandise volume for the quarter ended December 31, 2015 was $21.9 billion, increasing 5% on a foreign exchange neutral basis and was flat year over year on an as-reported basis, reflecting the continued impact of a strong U.S. Read more on this. eBay Inc. (EBAY) , valued at $31.72B, began trading this morning at $26.71. During the trading session, EBAY traded between $26.09 to $27.07 with a one year range of $22.11 to $29.83. EBAY shares are currently priced at 14.56x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 12.49x earnings multiple. 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. The full-year EPS estimate is $1.83 which would be a $0.06 worse than last year’s full-year earnings. 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. In terms of ratings, Susquehanna Initiated EBAY at Positive (Jan 15, 2016). Previously, Cantor Fitzgerald downgraded EBAY from Buy to Hold. When considering if the stock is under or overvalued, the average price target is $30.48, which is 14.11% above where the stock opened this morning. See more in (NASDAQ:EBAY) Similar Articles: Market Update: eBay Inc (NASDAQ:EBAY) – eBay Inc. Completes Sale of eBay Enterprise Stock Update: eBay Inc (NASDAQ:EBAY) – Curalate and eBay Enterprise Affiliate Network Partner to Help Publishers Drive Revenue from Images Market Update: eBay Inc (NASDAQ:EBAY) – eBay (EBAY) Stock Retreats on Analyst Downgrade