eBay stock up 19% YTD, trading 6% above fair value, strong Q4 2023 results

From Nasdaq:

eBay’s stock (NASDAQ: EBAY) has gained 19% YTD, outperforming the S&P 500. However, it is currently trading 6% above its fair value at $52. Despite mixed performance in recent years, EBAY’s Q4 2023 results beat street estimates, with total revenues of $2.6 billion. The company’s net income grew 8% y-o-y to $724 million.

In FY2023, eBay’s revenues grew 3% y-o-y to $10.1 billion, with a net income improvement from -$1.27 billion to $2.77 billion. Looking ahead, revenues are estimated to reach $10.2 billion in FY2024, with a revenue per share increase to $20.26. Returns for EBAY in March 2024 stand at 10%, outperforming the S&P 500 at 2%.



Read more at Nasdaq: Up 19% YTD, Where Is eBay Stock Headed?