Yahoo! Inc. (NASDAQ:YHOO) ~ Yahoo CEO unveils handful of new products to big CES crowd

Yahoo! Inc. (NASDAQ:YHOO) [Reuters] – By Gerry Shih and Alexei Oreskovic LAS VEGAS/SAN FRANCISCO (Reuters) – Yahoo Inc Chief Executive Marissa Mayer unveiled a handful of new products, including a competitor to Google Inc’s predictive search …
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Yahoo! Inc. (YHOO), currently valued at $42.22B, began trading this morning at $41.30.
Looking at today’s market, YHOO one day range is $41.12 to $41.72 with the price of the stock fluctuating between $18.89 to $41.72 over the last 52 weeks.
YHOO shares are currently priced at 24.40x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.11x forward p/e ratio.

In a review of the consensus earnings estimate this quarter, 26 sell-side analysts are looking at $0.38 per share, which would be $0.06 better than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $1.46, which would be a $0.29 better than last year.
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.
The average price target for YHOO shares by the analysts covering it is $38.31, which is 7.24% 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) .

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