Yahoo! Inc. (NASDAQ:AABA) Expected to Post Quarterly Sales of $832.14 Million
Analysts expect Yahoo! Inc. (NASDAQ:AABA) to post $832.14 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Yahoo!’s earnings. The highest sales estimate is $874.23 million and the lowest is $801.20 million. Yahoo! posted sales of $841.15 million during the same quarter last year, which suggests a negative year over year growth rate of 1.1%. The company is scheduled to report its next earnings results on Monday, July 17th.
On average, analysts expect that Yahoo! will report full year sales of $832.14 million for the current financial year, with estimates ranging from $3.31 billion to $3.64 billion. For the next fiscal year, analysts anticipate that the business will post sales of $3.42 billion per share, with estimates ranging from $3.08 billion to $3.80 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Yahoo!.
Yahoo! (NASDAQ:AABA) last issued its quarterly earnings data on Tuesday, April 18th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. The firm had revenue of $833.80 million during the quarter, compared to analysts’ expectations of $814.32 million. Yahoo! had a positive return on equity of 0.77% and a negative net margin of 0.29%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.08 EPS.
Several equities analysts recently issued reports on the company. Oppenheimer Holdings, Inc. assumed coverage on Yahoo! in a research report on Thursday. They issued an “outperform” rating and a $75.00 price target on the stock. J P Morgan Chase & Co assumed coverage on Yahoo! in a research report on Wednesday, June 28th. They issued an “overweight” rating on the stock. B. Riley dropped coverage on Yahoo! in a research report on Tuesday, June 20th. Raymond James Financial, Inc. restated an “outperform” rating and issued a $72.00 price target (up previously from $58.00) on shares of Yahoo! in a research report on Sunday, June 18th. Finally, Zacks Investment Research upgraded Yahoo! from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Thursday, June 15th. Sixteen research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Yahoo! has a consensus rating of “Hold” and an average target price of $48.47.
Shares of Yahoo! (AABA) traded up 0.04% during midday trading on Friday, hitting $54.55. The company had a trading volume of 2,776,117 shares. Yahoo! has a 12 month low of $54.31 and a 12 month high of $54.91.
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Altaba Inc (the Fund), formerly Yahoo! Inc, is a non-diversified, closed-end management investment company. The Fund seeks to track the combined investment return of the Alibaba Shares and the Yahoo Japan Shares it owns. Alibaba Shares represent an approximate 15% equity interest in Alibaba Group Holding Limited (Alibaba), and its Yahoo Japan Corporation ((Yahoo Japa) Shares represent an approximate 36% equity interest in Yahoo Japan.
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