[at MarketWatch] – Polya Lesova takes a look at which stocks traders will be watching during market action, including Yahoo, J.C. Penney, and Lowe’s. Photo: Getty Images.
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Yahoo! Inc. (YHOO), with a current market cap of $36.91B, started the session at $35.40.
A quick look at the market, the company’s traded between $35.22 to $35.82 with the price of the stock fluctuating between $18.20 to $36.19 over the last 52 weeks.
YHOO shares are currently priced at 23.72x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.61x earnings multiple for the same period.
Consensus earnings for the current quarter by the 26 sell-side analysts covering the stock is an estimate of $0.38 per share, which would be $0.06 better than the year-ago quarter and a $0.03 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $1.46 is a $0.29 improvement 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 $1.21 Billion. If realized, that would be a 0.82% decrease over the year-ago quarter.
In terms of ratings, CRT Capital Initiated YHOO at Fair Value (Sep 19, 2013). Previously, Needham downgraded YHOO from Buy to Hold.
When considering if the stock is under or overvalued, the average price target is $35.14, which is 0.73% below where the stock opened this morning.
Yahoo! Inc. (NASDAQ:YHOO), is a global internet services company that operates the Yahoo! Internet portal. It provides varied products and content, from email and search to media streaming and downloads. Its main revenue sources come from advertising and marketing services. The company was founded in 1994 and is headquartered in Sunnyvale, California.
Tag Helper ~ Stock Code: YHOO | Common Company name: Yahoo | Full Company name: Yahoo! Inc. (NASDAQ:YHOO) .