Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Here’s Why Yahoo (YHOO) Stock Closed Up Today

[at TheStreet] – Yahoo (YHOO) stock increased on Friday after a report said the technology company may allow Facebook (FB) to sell advertisements on the company’s Tumblr platform. Read more on this. Yahoo! Inc. (YHOO) , with a current value of $33.21B, started trading this morning at $34.54. Shares have traded today between $34.38 and $35.21 per share and has traded between $26.15 and $46.17 over the past 12 months. YHOO shares are currently priced at 64.67x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.79x earnings multiple for the same period. According to a consensus of 35 analysts, the earnings estimate of $0.07 per share 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. Recently, Citigroup upgraded YHOO from Neutral to Buy (Feb 4, 2016). Previously, Rosenblatt downgraded YHOO from Neutral to Sell. The average price target for YHOO shares by the analysts covering the stock is $37.62, which is 8.92% above where the stock opened this morning. See more in (NASDAQ:YHOO) Similar Articles: Company Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo (YHOO) Stock Edges Up After Shutting Down Several Products Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Lexus Revs Up Basketball Fans with New Campaign on Yahoo Sports and Launches Bracket Challenge Stock Update (NASDAQ:YHOO): Will Yahoo! (YHOO) Stock Be Helped by Potential Sale of ‘Non-Core Assets’?
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