Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo Announces Editorial Plans for 2016 Summer Games

[Business Wire] – Yahoo! Inc today announced its full global editorial lineup for the 2016 Summer Games in Rio de Janeiro, including Olympic gold medalists Shawn Johnson and Summer Sanders. Read more on this. Yahoo! Inc. (YHOO) , valued at $35.01B, opened at $37.06. Today’s price range has been between $36.87 and $37.45 per share and has traded between $26.15 and $45.07 over the past 12 months. YHOO shares are currently priced at 73.06x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.35x forward p/e ratio. In a review of the consensus earnings estimate this quarter, 34 sell-side analysts are looking at $0.10 per share, which would be $0.06 worse than the year-ago quarter and a $0.02 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $0.50, which would be a $0.09 worse 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 12.90% decrease over the year-ago quarter. 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 it is $40.94, which is 10.47% above where the stock opened. See more in (NASDAQ:YHOO) Similar Articles: Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Here’s a Reason Yahoo! (YHOO) Stock is Increasing Today Stock Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo to Live Stream Video of First Quarter 2016 Earnings on Yahoo Finance on April 19, 2016 Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Here’s Why Yahoo (YHOO) Stock Closed Up Today
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