Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo Sports Launches The Vertical

[Business Wire] – Yahoo! Inc. today launched The Vertical with Woj, a new basketball-centric digital destination run by Yahoo NBA insider, Adrian Wojnarowski. Part of Yahoo Sports , fans will get a unique look inside the NBA as Adrian and his team of world-class journalists, insiders and experts share a constant stream of breaking news, in-depth storytelling, front office deals, global draft analysis and the sneaker … Read more on this. Yahoo! Inc. (YHOO) , with a current value of $27.87B, started trading this morning at $29.15. During the trading session, YHOO traded between $28.51 to $29.51 with a trailing 52-week range being $27.20 to $46.17. Priced at 48.73x this year’s forecasted earnings, YHOO shares are relatively expensive compared to the industry ’s 11.59x forward p/e ratio. According to a consensus of 35 analysts, the earnings estimate of $0.13 per share would be $0.17 worse than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is 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 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, Pivotal Research Group upgraded YHOO from Hold to Buy (Jan 25, 2016). Previously, Mizuho downgraded YHOO from Buy to Neutral. When considering if the stock is under or overvalued, the average price target is $41.38, which is 41.96% above where the stock opened this morning. See more in (NASDAQ:YHOO) Similar Articles: Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo: An Activist Investment Analysis (YHOO) Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo Real Estate and Yahoo Celebrity are Yahoo’s Newest Digital Magazines Stock Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo!, Inc. (Nasdaq: YHOO) to Ring The Nasdaq Stock Market Opening Bell