Stock Update (NASDAQ:YHOO): John Layfield Says Yahoo (YHOO) Strategy Like ‘Playing LeBron James’

[at TheStreet] – Fox Business Network analyst John Layfield offered his thoughts about Yahoo (YHOO) on ‘Varney & Co.” today. Read more on this. Yahoo! Inc. (YHOO) , valued at $36.09B, started the session at $37.56. Looking at today’s market, YHOO one day range is $37.43 to $38.08 and has traded between $26.15 and $39.98 over the past 12 months. YHOO shares are currently priced at 75.12x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.21x earnings multiple. In a review of the consensus earnings estimate this quarter, 33 sell-side analysts are looking at $0.10 per share, which would be $0.06 worse than the year-ago quarter and a $0.02 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $0.50 would be a $0.09 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.08 Billion. If reported, that would be a 12.90% decrease over the year-ago quarter. Recently, Citigroup upgraded YHOO from Neutral to Buy (Jun 16, 2016). Previously, Citigroup downgraded YHOO from Buy to Neutral. The average price target for YHOO shares by the analysts covering it is $40.94, which is 9.00% above where the stock opened. See more in (NASDAQ:YHOO) Similar Articles: Company Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo! (YHOO) Stock Slumps, Withholding Financial Details from Suitors Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Here’s a Reason Yahoo! (YHOO) Stock is Increasing Today Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Here’s Why Yahoo (YHOO) Stock Closed Up Today