Here's Why eBay (EBAY) is a Strong Value Stock

Core Viewpoint - Zacks Premium offers various tools and resources to help investors make informed decisions and enhance their confidence in stock market investments [1][2] Zacks Style Scores - Zacks Style Scores are indicators designed to assist investors in selecting stocks with the highest potential to outperform the market within a 30-day timeframe [3] - Stocks are rated from A to F based on value, growth, and momentum characteristics, with A being the highest score [3] Value Score - The Value Style Score focuses on identifying undervalued stocks by analyzing ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [4] Growth Score - The Growth Style Score evaluates a company's financial health and future prospects by examining projected and historical earnings, sales, and cash flow [5] Momentum Score - The Momentum Style Score helps investors capitalize on price trends by analyzing short-term price changes and earnings estimate revisions [6] VGM Score - The VGM Score combines the three Style Scores to identify stocks with the best value, growth potential, and momentum, serving as a strong indicator alongside the Zacks Rank [7] Zacks Rank - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to guide investors in building successful portfolios [8] - Stocks rated 1 (Strong Buy) have historically delivered an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [9] Stock to Watch: eBay - eBay operates an online shopping platform that facilitates sellers in creating online store formats for easier customer navigation [13] - eBay holds a 3 (Hold) rating on the Zacks Rank, with a VGM Score of A and a Value Style Score of B, supported by a forward P/E ratio of 13.31 [14] - Recent upward revisions in earnings estimates for fiscal 2024 have increased the Zacks Consensus Estimate by $0.05 to $4.83 per share, with an average earnings surprise of 3.3% [14] - Given its solid Zacks Rank and favorable Style Scores, eBay is recommended for investors' consideration [15]