Company Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo! (YHOO) Stock Slumps, Withholding Financial Details from Suitors

[at TheStreet] – Yahoo! (YHOO) stock is decreasing this morning as the company reportedly hesitates to disclose many financial details ahead of Monday’s deadline for first-round bids for its core business. Read more on this. Yahoo! Inc. (YHOO) , with a current value of $34.65B, started trading this morning at $37.13. Looking at today’s market, YHOO one day range is $36.53 to $37.15 with the price of the stock fluctuating between $26.15 to $45.44 over the last 52 weeks. YHOO shares are currently priced at 70.13x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 20.70x earnings multiple for the same period. In a review of the consensus earnings estimate this quarter, 34 sell-side analysts are looking at $0.07 per share, which would be $0.08 worse than the year-ago quarter and a $0.07 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $0.53 is a $0.06 worse 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 $1.08 Billion. If realized, that would be a 12.20% decrease over the year-ago quarter. Recently, Citigroup downgraded YHOO from Buy to Neutral (Mar 22, 2016). Previously, Citigroup upgraded YHOO from Neutral to Buy. Investors should keep in mind is that the average price target is $38.61, which is 3.99% above where the stock opened this morning. See more in (NASDAQ:YHOO) Similar Articles: Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Here’s a Reason Yahoo! (YHOO) Stock is Increasing Today Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Here’s Why Yahoo (YHOO) Stock Closed Up Today Company Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo (YHOO) Stock Edges Up After Shutting Down Several Products
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