[at Forbes] – David Pogue has become a household name in tech criticism from his “State of the Art” column in New York Times along with multi-media contributions to PBS and CBS among others. Last week, Pogue launched Yahoo Tech at CES in Las Vegas to much fanfare. The new digital magazine is quite sophisticated […]
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Yahoo! Inc. (YHOO), with a current market cap of $40.91B, started trading this morning at $40.23.
During today’s session, YHOO traded between $40.04 to $40.40 with a trailing 52-week range being $19.28 to $41.72.
YHOO shares are currently priced at 27.39x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 19.60x forward p/e ratio.
According to a consensus of 27 analysts, the earnings estimate of $0.38 per share would be $0.06 better than the year-ago quarter and a $0.00 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 $1.20 Billion. If realized, 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 $39.06, which is 2.91% 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) .