Stock Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo to decide next strategic steps after quarterly earnings -sources

[Reuters] – Yahoo Inc will decide on its next strategic steps only after releasing quarterly earnings on Feb. 2, people familiar with the matter said, as the company continues to resist investor calls to explore a sale of its core Internet assets. Yahoo wants to gauge shareholder reaction after presenting its strategic vision during the earnings conference call, one of the people said. Yahoo this month rebuffed several potential buyers for its core Internet assets, including private equity firms, the three sources said this week. Read more on this. Yahoo! Inc. (YHOO) , valued at $27.68B, started the session at $28.75. Looking at the equity, the company’s one day range is $28.19 to $29.80 with a trailing 52-week range being $27.20 to $50.32. YHOO shares are currently priced at 50.41x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.46x earnings multiple. Consensus earnings for the current quarter by the 36 sell-side analysts covering the stock is an estimate of $0.13 per share, which would be $0.17 worse than the year-ago quarter and a $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $0.59 is a $0.98 setback 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 $1.19 Billion. If realized, that would be a 0.85% increase over the year-ago quarter. More recently, Mizuho downgraded YHOO from Buy to Neutral (Oct 21, 2015). Previously, Bernstein upgraded YHOO from Mkt Perform to Outperform. The average price target for YHOO shares is $42.33, which is 47.23% above where the stock opened this morning. See more in (NASDAQ:YHOO) Similar Articles: Company Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo! (YHOO) Stock Pops on Alibaba’s Strong Earnings Stock Update: Yahoo! Inc. (NASDAQ:YHOO) – What to Expect When Yahoo! (YHOO) Reports Earnings Today Stock Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo looking at other options after IRS ruling: Sources