Stock Update: Yahoo! Inc. (NASDAQ:YHOO) – Exclusive – Warren Buffett, Quicken Loans founder in Yahoo bid: sources

[Reuters] – While there is no certainty that the consortium will prevail in the auction, the interest of Buffett and Gilbert is a boost for the Sunnyvale, California-based company, which has been surpassed in recent years by rivals such as Alphabet Inc (GOOGL.O) in the race for internet users and advertising dollars. The consortium’s participation in the sale process also represents a challenge to U.S. telecommunications carrier Verizon Communications Inc (VZ.N), whose deal to acquire AOL last year for $4.4 billion (£3 billion) has made it a favorite to prevail in its bid for Yahoo’s assets among industry analysts. Read more on this. Yahoo! Inc. (YHOO) , with a current market cap of $34.62B, opened at $36.91. Looking at the stock, its one day range is $36.38 to $37.07 and has traded between $26.15 and $45.07 over the past 12 months. YHOO shares are currently priced at 74.74x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 6.98x forward p/e ratio. According to a consensus of 33 analysts, the earnings estimate of $0.10 per share would be $0.06 worse than the year-ago quarter and a $0.02 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $0.50 would be a $0.09 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 12.90% 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 $41.09, which is 11.32% 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 Company Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo (YHOO) Stock Edges Up After Shutting Down Several Products Stock Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo to decide next strategic steps after quarterly earnings -sources