48.70 -0.12 (-0.25%)
After hours: 7:38PM EDT
|Bid||48.21 x 1200|
|Ask||48.80 x 3100|
|Day's range||48.24 - 49.70|
|52-week range||26.02 - 51.88|
|Beta (5Y monthly)||1.26|
|PE ratio (TTM)||21.86|
|Earnings date||15 Jul 2020 - 20 Jul 2020|
|Forward dividend & yield||0.64 (1.38%)|
|Ex-dividend date||29 May 2020|
|1y target est||43.67|
The Nasdaq 100 index hit an all-time high in intraday trading on June 4, becoming the first major U.S. index to reach record highs after coronavirus plunge.
Benchmarks closed mixed on Thursday, as investors struggled with poor jobs data and a selloff among tech shares.
eBay (EBAY) raises its second-quarter earnings guidance to reflect higher online sales amid the coronavirus pandemic.
Not surprisingly, eBay (NASDAQ: EBAY) is also seeing higher sales. On eBay's first-quarter earnings call in April, management had already observed an "initial surge" following stay-at-home orders implemented in March, with that momentum continuing throughout April. With the business continuing to perform better than eBay's expectations, the company is now increasing its outlook for numerous key metrics.
The stock market's recovery from the bear market in late February and March has been extraordinary, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) has seen especially impressive gains. The Nasdaq 100 index of top Nasdaq stocks actually briefly moved into all-time record territory Thursday morning -- an enthusiastic response to prospects for a successful economic reopening.
As a result of strong demand, eBay now expects revenue to come in between $2.75 billion and $2.8 billion in the current quarter, representing 13% to 16% year-over-year growth. If eBay hits the high end of the EPS range it will represent growth of 60%.
Shares of eBay (NASDAQ: EBAY) are running nearly 7% higher on Thursday morning after the online marketplace raised its second-quarter earnings outlook on better-than-expected results during the COVID-19 pandemic. At the end of April, eBay expected to generate revenue between $2.38 billion to $2.48 billion in the second quarter, but now says it is doing significantly better than the forecast in its earnings release.
Is (EBAY) Outperforming Other Retail-Wholesale Stocks This Year?
eBay Inc. (EBAY) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
While Walmart and Target, which also sell essential goods, recorded their best online sales in years, specialty retailers American Eagle and Best Buy sold more online as stores remained closed during lockdowns. EBay said demand was strong across all its businesses, including home & garden, electronics, fashion and collectibles, with the company now expecting second-quarter gross merchandise volume growth rate to be between 23% and 26% from a year earlier. EBay said its full-year performance will likely be above the range it forecast earlier.
EBAY vs. AMZN: Which Stock Is the Better Value Option?
The Zacks Analyst Blog Highlights: Amazon, Wayfair, JD.com, eBay and Fiverr International
In the latest trading session, eBay (EBAY) closed at $45.98, marking a +1.73% move from the previous day.
The increasing prevalence of artificial intelligence and 5G technology are threatening to drive up energy consumption, putting the technology sector on par with the aviation industry in the amount of CO-2 it releases, according to a leading researcher at Gartner. While data centers, tasked with processing the world’s data, have made significant investments to reduce energy consumption over the last several years, David Cappuccio, Gartner VP of Research, says that dynamic is likely to shift dramatically with the growing use of analytics and machine learning.
To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. Alison Southwick: This is Motley Fool Answers.
eBay (EBAY) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.