Company Update: Yahoo! Inc. (NASDAQ:YHOO) – Hedge Fund Manager: Yahoo Partying Like 1999, But Core Business In ‘Stomach-Churning Nose Dive’

[Benzinga] – Eric Jackson is the managing director of SpringOwl Asset Management, a hedge fund that holds a stake in Yahoo! Inc. (NASDAQ: YHOO ) Jackson recently released a 99 page presentation outlining his plan to … Read more on this. Yahoo! Inc. (YHOO) , currently valued at $32.29B, opened this morning at $32.99. A quick look at the market, the company’s stock traded between $32.97 and $34.21 with a trailing 52-week range being $27.20 to $51.68. Priced at 55.87x this year’s forecasted earnings, YHOO shares are relatively expensive compared to the industry’s 9.02x forward p/e ratio. 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 setback 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. The average price target for YHOO shares is $42.72, which is 29.49% above where the stock opened this morning. See more in (NASDAQ:YHOO) Similar Articles: Company Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo! (YHOO) Stock Pops on Alibaba’s Strong Earnings Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo Real Estate and Yahoo Celebrity are Yahoo’s Newest Digital Magazines Company Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo! (YHOO) Stock Bounces Back on Analyst Upgrade