Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo! Q2 Rev View Misses, Year View In-Line

[at Barrons.com] – Following a report this afternoon by Yahoo! (YHOO) of Q2 revenue and earnings that topped consensus, the company followed with a lower-than-expected forecast for this quarter. In a deck of slides posted on its investor relations site, Yahoo! forecast revenue this quarter of $1.05 billion to $1.09 billion on a GAP basis, and revenue of $810 million to $850 million on a non-GAAP basis. For the full year, the company sees non-GAAP revenue revenue of $3.4 billion to $3.6 billion, that is in line with consensus for $3.54 billion. Read more on this. Yahoo! Inc. (YHOO) , valued at $34.40B, opened this morning at $36.46. Looking at today’s market, YHOO one day range is $36.11 to $36.73 with a trailing 52-week range being $26.15 to $45.18. YHOO shares are currently priced at 68.91x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 21.02x 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 setback 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. Given all the information above, we should disclose to readers that the average price target is $38.82, which is 6.47% above than it 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) – Yahoo! (YHOO) Stock Gains, Time Inc., SoftBank Seek Assets Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Here’s Why Yahoo (YHOO) Stock Closed Up Today