Company Update (NASDAQ:EBAY): eBay Launches Wine Experience to Give Shoppers a New Way to Find the Perfect Bottle of Wine

[Business Wire] – Today, eBay introduced eBay Wine , a new destination which features the ability to browse collectible, rare and everyday wines based on varietal, region, price point and more, and makes it easier than ever for experts and enthusiasts alike to find the perfect bottle of wine. Read more on this. eBay Inc. (EBAY) , with a current market cap of $28.63B, opened at $25.09. Looking at today’s trading action, the company’s one day range from $25.00 to $25.34 and has traded between $21.52 and $29.83 over the past 12 months. EBAY shares are currently priced at 13.59x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.73x forward p/e ratio. According to a consensus of 33 analysts, the earnings estimate of $0.42 per share would be $0.00 worse than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $1.86 which would be a $0.03 better than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.17 Billion. If reported, that would be a 50.46% decrease over the year-ago quarter. Recently, Morgan Stanley downgraded EBAY from Equal-Weight to Underweight (Apr 19, 2016). Previously, Barclays downgraded EBAY from Equal Weight to Underweight. With the above information in mind, readers should note that the average price target is $27.98, which is 11.52% above where the stock opened this morning. See more in (NASDAQ:EBAY) Similar Articles: Market Update (NASDAQ:EBAY): The Oculus Rift is already being sold on Craigslist and eBay for over $1000 Company Update (NASDAQ:EBAY): eBay and Nate Berkus Partner to Make Spring Cleaning and Selling Easier Than Ever Company Update: eBay Inc (NASDAQ:EBAY) – eBay & Shyp Expand Integration to Make Selling Even Easier