Monday is a big day for Yahoo. In addition to releasing what could be its last earnings report, the final round of bidding to buy out the company is expected to take place.
Analysts estimate Yahoo will report earnings per share of only 10 cents on revenue of $1.08 billion. If analysts are right, that's a drop of 39 percent and 13 percent, respectively, from the same time last year, according to Thomson Reuters.
"If you look at our estimates, we're still looking at search to decline about 18 percent on a year-over-year basis, on a net search basis. Display revenue is a little more stable. It's down about 2 percent year-over-year," said Aaron Kessler, an internet analyst with Raymond James. "But we're still looking for a lot of headwind on the Yahoo core business."
Despite these estimates, Yahoo shares are up close to 30 percent over the past six months. Zacks' deputy manager Sejuti Banerjea told CNBC that it's the potential buyout boosting the price.
Rumor has it Verizon will likely win out, and SunTrust analyst Bob Peck said he thinks Yahoo could go for as much as $6 billion to one or multiple bidders. Other estimates range from $3.5 billion to $5 billion, depending on what is included in the sale.
Recode reports final bids are also due from a group led by Quicken Loans' Dan Gilbert and several private equity firms on Monday. Peck said he bets a sale goes through in the second half of this year. So Monday's earnings report could potentially be the company's last.
— By Krista Gmelich, special to CNBC.com