Company Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo Earnings Beat Despite Ongoing Challenges; Acquisition Near?

[at Investor’s Business Daily] – Yahoo (YHOO) stock opened higher Wednesday after the company late Tuesday assured investors it’s working diligently to find a buyer for its core, and perhaps other, businesses. Executives didn’t give any … Read more on this. Yahoo! Inc. (YHOO) , with a current market cap of $35.51B, started the session at $37.03. Today, shares have traded between $36.94 and $37.75 per share with a trailing 52-week range being $26.15 to $45.10. Yahoo (YHOO) shares are currently priced at 68.55x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 21.02x earnings multiple for the same period. Consensus earnings for the current quarter by the 34 sell-side analysts covering the stock is an estimate of $0.12 per share, which would be $0.04 worse than the year-ago quarter and a $0.02 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $0.53 would be a $0.06 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.10 Billion. If reported, that would be a 11.29% decrease over the year-ago quarter. In terms of ratings, Citigroup downgraded YHOO from Buy to Neutral (Mar 22, 2016). Previously, Citigroup upgraded YHOO from Neutral to Buy. The average price target for YHOO shares by the analysts covering the stock is $38.85, which is 4.91% above where the stock opened this morning. See more in (NASDAQ:YHOO) Similar Articles: Company Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo! (YHOO) Stock Slumps, Withholding Financial Details from Suitors Stock Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo to Live Stream Video of First Quarter 2016 Earnings on Yahoo Finance on April 19, 2016 Company Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo (YHOO) Stock Edges Up After Shutting Down Several Products
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