Market Overview

JMP Securities Maintains on Yahoo In the Run-up to 1Q 2014 Earnings Release

Related YHOO
TDAmeritrade's IMX Index Saw Its Second Largest Drop Since December 2012
Fluent CMO Says Email Might Be The Path To Advertising's 'Holy Grail'
The Vetr community has downgraded $YHOO to 3-Stars (Vetr)

In the run-up to the release of Yahoo's (NASDAQ: YHOO) 1Q 2014 earnings report, which is scheduled after the close Tuesday, JMP Securities has maintained its Market Perform rating of the company.

JMP Securities analyst Ronald V. Josey provided insight into the firms position on Yahoo. Although he remains "incrementally positive" on Yahoo's core business, he writes,"We believe it remains early in Yahoo!'s turnaround across its core business and we are projecting relatively flattish overall revenue growth."

Looking ahead to Tuesday's earnings release, Josey highlighted six factors he will be listening for on Yahoo's earnings conference call.

  1. Display trends and whether newer ad formats, such as Stream ads, positively impacted pricing
  2. Search and Paid Click growth
  3. Alibaba's 4Q14 results
  4. The impact of newer ad products and progress across Yahoo!'s programmatic offerings
  5. Investments and the impact on EBITDA and whether Yahoo!'s cap ex ramped
  6. Opportunistic share repurchases

Josey concluded, "While the risk/reward from a valuation perspective appears favorable, we remain on the sidelines until we see improvements in Yahoo!'s core operations."

Latest Ratings for YHOO

Sep 2015Mizuho SecuritiesMaintainsBuy
Sep 2015BarclaysMaintainsEqual-weight
Sep 2015JP MorganMaintainsOverweight

View More Analyst Ratings for YHOO
View the Latest Analyst Ratings

Posted-In: JMP Securities Ronald V. JoseyAnalyst Color Earnings Analyst Ratings


Related Articles (YHOO)

View Comments and Join the Discussion!

Get Benzinga's Newsletters