Thursday, 25 May 2017
Latest news
Main » Yahoo beats on earnings, says Verizon deal to close in June

Yahoo beats on earnings, says Verizon deal to close in June

20 April 2017

Receive Yahoo! Inc. with MarketBeat.com's FREE daily email newsletter. It represents a security's price that, if achieved, results in a trader recognizing the best possible outcome for his investment. The company now has an average rating of "Hold" and a consensus price target of $45.35. There is no concrete way to calculate a price target. In the current month, Pivotal Research has reportedly retained its Hold rating while boosting its price objective to $46. Following the transaction, the executive now owns 573,851 shares of the company's stock, valued at approximately $26,695,548.52. The company's shares closed yesterday at $47.56. Consensus earnings estimates are far from flawless, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. Inside the closing six months period the stock's performance declined -43.13% while overall yearly performance lost -9.30%. The correct version of this report can be read at https://www.themarketsdaily.com/2017/04/19/yahoo-inc-yhoo-posts-earnings-results-beats-estimates-by-0-04-eps.html. The digital content provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.04. (NASDAQ:YHOO) to report earnings on April, 18 for the fiscal quarter ending Mar 2017.

The web portal, for the third straight quarter, canceled its earnings conference call with analysts, citing its pending acquisition by Verizon. The count of Hold ratings in that period was 0. The company has posted the net income attributable to Yahoo of $99.4 million in the 1Q FY 17, compared with a net loss of $99.2 million, a year earlier.

Under revised terms of the delayed deal, Verizon's purchase of Yahoo assets will total US$4.48 billion. During the same period previous year, the firm earned $0.13 EPS. On technical aspect, moving averages may help to distinguish path of dispositions, and they may also be used to set degrees of support and resistance. It would take about 8.74 days to cover all short positions. Look at the direction of the moving average to get a basic idea of which way the price is moving. The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of 2.14%. While some analysts have a High Price target for the stock of $57 and a Low Price Target of $42. The stock had a trading volume of 4,158,744 shares. The stock touched its high share price of $47.42 on 04/18/17 and the stock also touched its Lowest price in the last 52-weeks of trading on 06/27/16 as $35.05.

UK Prime Minister Theresa May calls for general election on June 8
Whichever party gets the majority of the seats in the House of Commons then becomes entitled to select the prime minister . That motion, as set out by the Fixed Term Parliament Act, will require a two thirds majority of the House of Commons.

Yahoo! Inc. (YHOO) belongs to the "Technology" sector with an industry focus on "Internet Information Providers", with Ms. Marissa A. Mayer as Chief Exec. Officer, Pres and Director. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 1.70 on scale of 1-5.

In the last Quarter, Yahoo! Inc.

Yahoo beats on earnings, says Verizon deal to close in June