Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo’s potential sale to take center stage during earnings
April 14, 2016 at 16:35 PM EDT
[at MarketWatch] – Yahoo will report quarterly earnings on April 19, in the same week it has reportedly set a deadline for companies to bid on its core assets. Read more on this. Yahoo! Inc. (YHOO) , with a current value of $35.19B, started trading this morning at $37.47. Looking at today’s trading action, the company’s one day range from $36.85 to $37.50 with a one year range of $26.15 to $46.13. Yahoo (YHOO) shares are currently priced at 70.40x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 21.00x 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 $0.07 per share, which would be $0.08 worse than the year-ago quarter and a $0.07 sequential decrease. Investors should also note 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 predicated on a consensus revenue forecast of $1.08 Billion. If reported, that would be a 12.20% decrease over the year-ago quarter. More recently, Citigroup downgraded YHOO from Buy to Neutral (Mar 22, 2016). Previously, Citigroup upgraded YHOO from Neutral to Buy. When considering if the stock is under or overvalued, the average price target is $38.61, which is 3.04% above where the stock opened this morning. See more in (NASDAQ:YHOO) Similar Articles: Market Update (NASDAQ:YHOO): Yahoo! (YHOO) Stock Climbs on Potential Microsoft Deal Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Here’s Why Yahoo (YHOO) Stock Closed Up Today Stock Update (NASDAQ:YHOO): Will Yahoo! (YHOO) Stock Be Helped by Potential Sale of ‘Non-Core Assets’?