Company Update: Yahoo! Inc. (NASDAQ:YHOO) – Why Yahoo! Wants Back in the Search Game

Yahoo! Inc. (NASDAQ:YHOO) [at Motley Fool] – Yahoo! may be working to develop its own search engine and saying goodbye to Microsoft’s Bing partnership. Will Yahoo! alone be able to remain competitive against Google in the search engine arena?
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Yahoo! Inc. (YHOO), valued at $39.19B, opened this morning at $38.00.
 
Looking at the stock, its one day range is $37.25 to $38.13 and has traded between $20.39 and $41.72 over the past year.
 
YHOO shares are currently priced at 22.94x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.02x forward p/e ratio.
 

 
In a review of the consensus earnings estimate this quarter, 27 sell-side analysts are looking at $0.37 per share, which would be $0.01 worse 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 $1.58 is a $0.06 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 $1.08 Billion. If realized, that would be a 0.93% increase over the year-ago quarter.
 
More recently, Gabelli & Co downgraded YHOO from Buy to Hold (Jan 29, 2014). Previously, CRT Capital upgraded YHOO from Fair Value to Buy.
 
The average price target for YHOO shares by the analysts covering it is $41.29, which is 8.66% above 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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