Market Update (NASDAQ:YHOO): China’s LeEco Treads on Yahoo’s Silicon Valley Turf

[at Forbes] – Bottom line: LeEco’s plan to develop a major Silicon Valley office on land purchased from Yahoo reflects the rapid rise and global ambitions of the former, and the accelerating decline of the latter. A new report involving a Silicon Valley land deal is shining a spotlight on Chinese Internet giant LeEco Read more on this. Yahoo! Inc. (YHOO) , valued at $34.08B, opened at $36.25. Today’s price range has been between $35.92 and $36.41 per share and has traded between $26.15 and $45.07 over the past 12 months. YHOO shares are currently priced at 73.06x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.35x earnings multiple. Consensus earnings for the current quarter by the 34 sell-side analysts covering the stock is an estimate of $0.10 per share, which would be $0.06 worse than the year-ago quarter and a $0.02 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $0.50 would be a $0.09 setback 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 12.90% 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. The average price target for YHOO shares by the analysts covering the stock is $40.94, which is 12.94% above where the stock opened this morning. See more in (NASDAQ:YHOO) Similar Articles: Market Update (NASDAQ:YHOO): Yahoo Sets April 11 Deadline for Takeout Bids (YHOO) Market Update (NASDAQ:YHOO): Yahoo! (YHOO) Stock Climbs on Potential Microsoft Deal Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Here’s Why Yahoo (YHOO) Stock Closed Up Today