Needham & Company Maintains a 'Buy' on Yahoo! (YHOO); Diving Into Q2 Results
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Price: $52.58 --0%
Rating Summary:
18 Buy, 21 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 13 | New: 50
Rating Summary:
18 Buy, 21 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 13 | New: 50
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Needham & Company maintains a 'Buy' on Yahoo! (NASDAQ: YHOO) price target of $19.00.
Analyst, Laura Martin, said, "Yahoo (YHOO) reported 2Q12 earnings yesterday, with revenue of $1.08B (flat y/y and 1% below our estimates), OIBDA of $391mm (down 6% y/y and 3% below our estimates) and Operating EPS of $0.27 (up 44% y/y and 5% above our estimates) and Reported EPS of $0.18. We thought the most interesting take-aways from the earnings call included: 1. New CEO Marissa Mayer was not on the call; 2. No Guidance; 3. Return of Capital - YHOO repurchased $456mm of shares in 2Q12; 4. Sale of YHOO’s 20% of Alibaba for $7B still on track; 6. Search. There has been minimal progress at fixing the revenue per search weakness; and 7. Business Lines. Display revenue (ex-TAC) up 1% y/y vs down 4% in each of last 2 quarters. Search revenue (ex-TAC) up 4% y/y."
FY12 EPS estimate lowered from $0.96 to $0.92.
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 $15.60 yesterday.
Analyst, Laura Martin, said, "Yahoo (YHOO) reported 2Q12 earnings yesterday, with revenue of $1.08B (flat y/y and 1% below our estimates), OIBDA of $391mm (down 6% y/y and 3% below our estimates) and Operating EPS of $0.27 (up 44% y/y and 5% above our estimates) and Reported EPS of $0.18. We thought the most interesting take-aways from the earnings call included: 1. New CEO Marissa Mayer was not on the call; 2. No Guidance; 3. Return of Capital - YHOO repurchased $456mm of shares in 2Q12; 4. Sale of YHOO’s 20% of Alibaba for $7B still on track; 6. Search. There has been minimal progress at fixing the revenue per search weakness; and 7. Business Lines. Display revenue (ex-TAC) up 1% y/y vs down 4% in each of last 2 quarters. Search revenue (ex-TAC) up 4% y/y."
FY12 EPS estimate lowered from $0.96 to $0.92.
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 $15.60 yesterday.
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