[at MarketWatch] – Sital Patel takes a look at which stocks traders will be watching during market action, including Netflix, Yahoo, and Jet Blue. Photo: AP.
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Yahoo! Inc. (YHOO), with a current value of $41.33B, started trading this morning at $40.25.
Today’s price range has been between $40.21 and $41.20 per share with its 52-week range being $18.89 to $41.20.
YHOO shares are currently priced at 27.35x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 18.69x forward p/e ratio.
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. Furthermore, our analysis shows the full-year EPS estimate to be $1.46, which would be a $0.29 improvement when compared to the last year’s annual results.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.20 Billion. If reported, that would be a 1.64% decrease over the year-ago quarter.
More recently, CRT Capital Initiated YHOO at Fair Value (Sep 19, 2013). Previously, Needham downgraded YHOO from Buy to Hold.
The average price target for YHOO shares by the analysts covering it is $38.31, which is 4.82% below where the stock opened.
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) .