Company Update (NASDAQ:EBAY): eBay and Nate Berkus Partner to Make Spring Cleaning and Selling Easier Than Ever

[Business Wire] – eBay has teamed up with famed interior designer and author Nate Berkus, to say goodbye to winter and hello to spring and encourage consumers to clear out, spring clean and sell on eBay. Read more on this. eBay Inc. (EBAY) , with a current market cap of $28.58B, started the session at $24.13. During the trading session, EBAY traded between $24.00 to $24.32 with a trailing 52-week range being $21.52 to $29.83. EBAY shares are currently priced at 12.99x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.55x earnings multiple for the same period. Consensus earnings for the current quarter by the 35 sell-side analysts covering the stock is an estimate of $0.45 per share, which would be $0.03 worse than the year-ago quarter and a $0.03 sequential decrease. Investors should also note that the full-year EPS estimate of $1.86 is a $0.03 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.08 Billion. If realized, that would be a 53.26% decrease over the year-ago quarter. Recently, Susquehanna Initiated EBAY at Positive (Jan 15, 2016). Previously, Cantor Fitzgerald downgraded EBAY from Buy to Hold. Investors should keep in mind is that the average price target is $27.97, which is 15.91% above where the stock opened this morning. See more in (NASDAQ:EBAY) Similar Articles: Company Update: eBay Inc (NASDAQ:EBAY) – eBay & Shyp Expand Integration to Make Selling Even Easier Market Update (NASDAQ:EBAY): eBay Inc. Prices $1.5 Billion Senior Unsecured Notes Offering Company Update (NASDAQ:EBAY): eBay Teams Up With O, The Oprah Magazine to Launch Exclusive Charity Auction Benefiting The Oprah Winfrey Leadership Academy