Stock Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo to Live Stream Video of First Quarter 2016 Earnings on Yahoo Finance on April 19, 2016

[Business Wire] – Yahoo! Inc. will discuss the Company’s financial results for the first quarter ended March 31, 2016 via live stream video. Read more on this. Yahoo! Inc. (YHOO) , currently valued at $33.95B, opened at $36.86. Looking at today’s trading action, the company’s one day range from $35.62 to $36.92 with a one year range of $26.15 to $46.17. YHOO shares are currently priced at 68.25x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 19.98x earnings multiple. According to a consensus of 35 analysts, the earnings estimate of $0.07 per share would be $0.08 worse than the year-ago quarter and a $0.07 sequential decrease. What we find to be interesting is 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. Recently, Citigroup downgraded YHOO from Buy to Neutral (Mar 22, 2016). Previously, Citigroup upgraded YHOO from Neutral to Buy. Given all the information above, we should disclose to readers that the average price target is $38.03, which is 3.17% above than it opened this morning. See more in (NASDAQ:YHOO) Similar Articles: Stock Update (NASDAQ:YHOO): Yahoo to Live Stream Video of Fourth Quarter and Full Year 2015 Earnings on Yahoo Finance on February 2, 2016 Stock Update (NASDAQ:YHOO): How Will Yahoo (YHOO) Stock React to First NFL Live-Stream? Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Top Brands Partner with Yahoo for First Global Live Stream of an NFL Game Across Devices
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