Market Update: Yahoo! Inc. (NASDAQ:YHOO) – How Yahoo!’s Identity Crisis Infected Tumblr

[at Bloomberg] – Marissa Mayer’s biggest acquisition has turned into a symbol of Yahoo’s inability to innovate. Read more on this. Yahoo! Inc. (YHOO) , valued at $31.65B, started trading this morning at $33.10. Today, shares have traded between $33.05 and $33.54 per share and has traded between $27.20 and $51.68 over the past 12 months. YHOO shares are currently priced at 56.32x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.45x earnings multiple. Consensus earnings for the current quarter by the 37 sell-side analysts covering the stock is an estimate of $0.13 per share, which would be $0.17 worse than the year-ago quarter and a $0.07 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $0.59, which would be a $0.98 worse when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.19 Billion. If realized, that would be a 0.85% increase over the year-ago quarter. Recently, Bernstein upgraded YHOO from Mkt Perform to Outperform (Aug 13, 2015). Previously, Susquehanna Initiated YHOO at to Positive. With the above information in mind, readers should note that the average price target is $42.72, which is 29.06% above where the stock opened this morning. See more in (NASDAQ:YHOO) Similar Articles: Company Update (NASDAQ:YHOO): Clinton Private E-Mail Included CIA Source Identity: Yahoo Stock Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo!, Inc. (Nasdaq: YHOO) to Ring The Nasdaq Stock Market Opening Bell Market Update: Yahoo! Inc. (NASDAQ:YHOO) – One Reason Yahoo! (YHOO) Stock Closed Higher
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