Company Update: Yahoo! Inc. (NASDAQ:YHOO) – How Yahoo is trying to save its media business

[at CNBC] – Yahoo insists that its layoffs and fat-trimming are all part of a larger strategy to refocus the company’s media properties into its core strengths. Read more on this. Yahoo! Inc. (YHOO) , valued at $34.83B, started trading this morning at $36.40. During the trading session, YHOO traded between $36.31 to $37.00 with its 52-week range being $26.15 to $46.17. Priced at 68.70x this year’s forecasted earnings, YHOO shares are relatively expensive compared to the industry’s 17.35x forward p/e ratio. Consensus earnings for the current quarter by the 35 sell-side analysts covering the stock is an estimate of $0.07 per share, which would be $0.08 worse than the year-ago quarter and a $0.07 sequential decrease. Investors should also note that the full-year EPS estimate of $0.53 is a $0.06 worse when compared to the previous year’s annual results. 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. More recently, Citigroup downgraded YHOO from Buy to Neutral (Mar 22, 2016). Previously, Citigroup upgraded YHOO from Neutral to Buy. When considering if the stock is under or overvalued, the average price target is $38.03, which is 4.48% above where the stock opened this morning. See more in (NASDAQ:YHOO) Similar Articles: Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo! (YHOO) Stock Gains, Time Inc., SoftBank Seek Assets Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Here’s Why Yahoo (YHOO) Stock Closed Up Today Company Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo (YHOO) Stock Edges Up After Shutting Down Several Products