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DHX vs. YNDX: Which Stock Is the Better Value Option?
Self-driving cars are still many years away from becoming a ubiquitous reality, but today, one of the bigger efforts to build and develop them is taking a significant step out as part of its strategy to be at the forefront for when they do. Yandex -- the publicly traded Russian tech giant that started as a search engine but has expanded into a number of other, related areas (similar to U.S. counterpart Google) -- today announced that it is spinning out its self-driving car unit from MLU BV -- a ride-hailing and food delivery joint venture it operates in partnership with Uber. The move comes amid reports that Yandex and Uber were eyeing up an IPO for MLU last year.
Yandex (YNDX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.