Company Update: Yahoo! Inc. (NASDAQ:YHOO) – How Twitter’s NFL Deal Positions It as the Next-Generation Yahoo!

[at TheStreet] – Twitter needs to give its users more reasons to branch out and spend time on its platform every day — just like Yahoo! did once upon a time. Read more on this. Yahoo! Inc. (YHOO) , valued at $34.42B, started trading this morning at $36.70. During today’s session, YHOO traded between $36.22 to $36.92 and has traded between $26.15 and $46.17 over the past 12 months. Yahoo (YHOO) shares are currently priced at 69.85x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 17.35x earnings multiple for the same period. In a review of the consensus earnings estimate this quarter, 35 sell-side analysts are looking at $0.07 per share, which would be $0.08 worse than the year-ago quarter and a $0.07 sequential decrease. The full-year EPS estimate is $0.53 which would be a $0.06 setback than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.08 Billion. If reported, that would be a 12.20% decrease over the year-ago quarter. Recently, Citigroup downgraded YHOO from Buy to Neutral (Mar 22, 2016). Previously, Citigroup upgraded YHOO from Neutral to Buy. The average price target for YHOO shares is $38.03, which is 3.62% above where the stock opened this morning. See more in (NASDAQ:YHOO) Similar Articles: Market Update (NASDAQ:YHOO): Yahoo! (YHOO) Stock Climbs on Potential Microsoft Deal Market Update (NASDAQ:YHOO): Yahoo Facing A ‘Take Under’ As Facebook Deal Rumored, Products Cut Company Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo (YHOO) Stock Edges Up After Shutting Down Several Products