Market Update (NASDAQ:YHOO): Yahoo (YHOO) Stock Rises, Deciding Next Strategic Steps After Earnings

[at TheStreet] – Yahoo (YHOO) stock is up in pre-market trading on Friday as the company will decide what strategic steps it will take next after reporting earnings. Read more on this. Yahoo! Inc. (YHOO) , currently valued at $28.38B, opened at $29.92. Looking at the equity, the company’s one day range is $29.88 to $30.52 and has traded between $27.20 and $50.32 over the past 12 months. Priced at 49.68x this year’s forecasted earnings, YHOO shares are relatively expensive compared to the industry ’s 12.46x forward p/e ratio. Consensus earnings for the current quarter by the 35 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 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.19 Billion. If reported, 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. With the above information in mind, readers should note that the average price target is $42.11, which is 40.74% above where the stock opened this morning. See more in (NASDAQ:YHOO) Similar Articles: Stock Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo to decide next strategic steps after quarterly earnings -sources 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