Company Update – Yahoo! Inc. (NASDAQ:YHOO) – Yahoo Depends Upon Microsoft’s Bing For 25% of Annual Revenues

Yahoo! Inc. (NASDAQ:YHOO) [at Forbes] – This is a quite extraordinary concentration of risk for one company to have. Yahoo has revealed, at the SEC’s insistence, that it relies upon its search agreement concerning Microsoft’s Bing for some 25% of the firms total revenues. Previously we’ve only been told that it is “more than 10%” and [...]
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Yahoo! Inc. (YHOO), valued at $40.23B, opened this morning at $39.02.
 
Shares have traded today between $39.00 and $39.71 per share and has traded between $18.89 and $40.25 over the past year.
 
Yahoo (YHOO) shares are currently priced at 27.55x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.66x earnings multiple for the same period.
 

 
According to a consensus of 26 analysts, the earnings estimate of $0.38 per share 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 better 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 $1.20 Billion. If realized, that would be a 1.64% 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.
 
With the above information in mind, readers should note that the average price target is $35.80, which is 8.25% 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) .

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