Needham & Company Reiterates a 'Buy' on Yahoo! (YHOO); 4Q11 Earnings Preview – Maintaining Estimates
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Price: $52.58 --0%
Rating Summary:
18 Buy, 21 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
18 Buy, 21 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company reiterates a 'Buy' on Yahoo! (NASDAQ: YHOO) price target of $19.00.
Needham analyst said, "We are maintaining our 4Q11 estimates of revenue of $1.218B, up 1% y/y, and Reported EPS of $0.22, down 9% y/y, and we are also maintaining our FY12 estimates of revenue of $4.631B, up 5% y/y, and Reported EPS of $0.84 (up from $0.80 in FY11) and Operating EPS of $0.93 (up from $0.87 in FY11). In previous reports for YHOO, we had published our estimates for Operating EPS. Beginning with this 4Q11 preview and going forward, we will be highlighting GAAP EPS estimates. As a result of this change, we are presenting GAAP EPS estimates of $0.22 for 4Q11 and $0.84, for FY12."
"With Jerry Yang’s departure, we are more optimistic that the Board will sell the Asian Assets. We remain hopeful that the Board will decide that trying to turn around YHOO with public shareholders is not in its best interest. Turning around a company is difficult and typically takes 3-4 years. Wall Street runs out of patience at about the 2 year mark."
For an analyst ratings summary and ratings history on Yahoo! click here. For more ratings news on Yahoo! click here.
Shares of Yahoo! closed at $15.96 yesterday.
Needham analyst said, "We are maintaining our 4Q11 estimates of revenue of $1.218B, up 1% y/y, and Reported EPS of $0.22, down 9% y/y, and we are also maintaining our FY12 estimates of revenue of $4.631B, up 5% y/y, and Reported EPS of $0.84 (up from $0.80 in FY11) and Operating EPS of $0.93 (up from $0.87 in FY11). In previous reports for YHOO, we had published our estimates for Operating EPS. Beginning with this 4Q11 preview and going forward, we will be highlighting GAAP EPS estimates. As a result of this change, we are presenting GAAP EPS estimates of $0.22 for 4Q11 and $0.84, for FY12."
"With Jerry Yang’s departure, we are more optimistic that the Board will sell the Asian Assets. We remain hopeful that the Board will decide that trying to turn around YHOO with public shareholders is not in its best interest. Turning around a company is difficult and typically takes 3-4 years. Wall Street runs out of patience at about the 2 year mark."
For an analyst ratings summary and ratings history on Yahoo! click here. For more ratings news on Yahoo! click here.
Shares of Yahoo! closed at $15.96 yesterday.
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