Stock Update (NASDAQ:YHOO): Yahoo changes daily fantasy sports user rules amid regulatory concerns

[at MarketWatch] – Yahoo roles out safety measures for its daily fantasy sports operations, as rivals have come under heavy fire from regulators. Read more on this. Yahoo! Inc. (YHOO) , valued at $33.41B, started the session at $34.70. Looking at today’s trading action, the company’s one day range from $34.68 to $35.35 and has traded between $26.15 and $46.17 over the past year. YHOO shares are currently priced at 66.92x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 20.60x earnings multiple. 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. Furthermore, our analysis shows the full-year EPS estimate to be $0.53, which would be a $0.06 setback when compared to the last 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 upgraded YHOO from Neutral to Buy (Feb 4, 2016). Previously, Rosenblatt downgraded YHOO from Neutral to Sell. When considering if the stock is under or overvalued, the average price target is $37.62, which is 8.41% above where the stock opened this morning. See more in (NASDAQ:YHOO) Similar Articles: Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Lexus Revs Up Basketball Fans with New Campaign on Yahoo Sports and Launches Bracket Challenge Market Update (NASDAQ:YHOO): Yahoo Drafts E-Sports To Take On Google YouTube, Amazon.com Twitch Stock Update (NASDAQ:YHOO): Yahoo! (YHOO) to Sell Santa Clara Land Amid Growth Struggles, Stock Declines