Market Update: Yahoo! Inc. (NASDAQ:YHOO) – How Yahoo Is Trying To Drive Revenues For Tumblr?

[at Forbes] – Reports suggest that Yahoo! is in talks with Facebook for an ad partnership with Tumblr where Facebook will sell ads within the Tumblr mobile app, splitting the revenues with Yahoo. While the company wrote off Tumblr’s goodwill partially last year and indicated that a complete write off might be happen Read more on this. Yahoo! Inc. (YHOO) , valued at $33.14B, opened at $35.43. Shares have traded today between $35.00 and $35.70 per share with the price of the stock fluctuating between $26.15 to $46.17 over the last 52 weeks. Yahoo (YHOO) shares are currently priced at 66.81x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 20.60x earnings multiple for the same period. In a review of the consensus earnings estimate this quarter, 35 sell-side analysts are looking at $0.07 per share, which would be $0.08 worse than the year-ago quarter and a $0.07 sequential decrease. What we find to be interesting is 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 based on a consensus revenue forecast of the current quarter of $1.08 Billion. If realized, that would be a 12.20% 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. The average price target for YHOO shares by the analysts covering the stock is $37.62, which is 6.18% above where the stock opened this morning. See more in (NASDAQ:YHOO) Similar Articles: Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Here’s Why Yahoo (YHOO) Stock Closed Up Today Market Update: Yahoo! Inc. (NASDAQ:YHOO) – How Yahoo!’s Identity Crisis Infected Tumblr Stock Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo! Revenues Increase 14% Year-over-Year