Nomura Securities Raises Estimates on Yahoo! (YHOO) After Q1 Review
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Price: $52.58 --0%
Rating Summary:
18 Buy, 21 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
18 Buy, 21 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Nomura Securities maintains a 'Neutral' on Yahoo! (NASDAQ: YHOO) price target of $14.00.
Analyst, Brian Nowak, said, "YHOO reported 1Q:12 revenue (ex TAC) of $1.08bn, 1% (or $7mn) above our estimate and 2% above the Street. This was driven by stronger search results, partially offset by weaker display. Search was the 1Q:12 bright spot, growing 8% YoY (vs. our 2%), driven by higher click-thru rates (up high single digits) due to YHOO product changes. Query volume was flat. YHOO continues pursuing strategies for its APAC assets, now focusing on monetizing “a portion” of its Alibaba stake. The company also laid out a new 20% long-term margin target. We need a sign that the long-term top-line concerns will abate before we would turn more positive. 2012E/2013E EPS from $0.88/$0.94 to $0.95/$1.00, respectively."
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 $15.01 yesterday.
Analyst, Brian Nowak, said, "YHOO reported 1Q:12 revenue (ex TAC) of $1.08bn, 1% (or $7mn) above our estimate and 2% above the Street. This was driven by stronger search results, partially offset by weaker display. Search was the 1Q:12 bright spot, growing 8% YoY (vs. our 2%), driven by higher click-thru rates (up high single digits) due to YHOO product changes. Query volume was flat. YHOO continues pursuing strategies for its APAC assets, now focusing on monetizing “a portion” of its Alibaba stake. The company also laid out a new 20% long-term margin target. We need a sign that the long-term top-line concerns will abate before we would turn more positive. 2012E/2013E EPS from $0.88/$0.94 to $0.95/$1.00, respectively."
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 $15.01 yesterday.
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