Company Update: Yahoo! Inc. (NASDAQ:YHOO) – Marissa Mayer to Make Case That Yahoo Can Be Turned Around

[at Bloomberg] – Marissa Mayer is gearing up for yet another turnaround plan for Yahoo! Inc. Given the company’s persistent growth slump, even a sweeping overhaul may do little to fend off activist investors threatening … Read more on this. Yahoo! Inc. (YHOO) , with a current value of $27.45B, began trading this morning at $29.27. During the trading session, YHOO traded between $28.79 to $29.39 with its 52-week range being $27.20 to $46.17. Yahoo (YHOO) shares are currently priced at 50.02x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 11.59x earnings multiple for the same period. 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. 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. In terms of ratings, Pivotal Research Group upgraded YHOO from Hold to Buy (Jan 25, 2016). Previously, Mizuho downgraded YHOO from Buy to Neutral. The average price target for YHOO shares by the analysts covering it is $41.38, which is 41.37% above where the stock opened. See more in (NASDAQ:YHOO) Similar Articles: Stock Update (NASDAQ:YHOO): Why Does Marissa Mayer Need McKinsey to Make Sense of Yahoo!? Stock Update (NASDAQ:YHOO): Could Marissa Mayer Be on Her Way Out at Yahoo!? Market Update (NASDAQ:YHOO): Yahoo CEO Marissa Mayer expecting twin girls in December