Analysts Expect Yelp Inc (YELP) to Announce -$0.03 EPS
Wall Street brokerages expect Yelp Inc (NYSE:YELP) to report earnings per share (EPS) of ($0.03) for the current quarter, according to Zacks. Thirteen analysts have issued estimates for Yelp’s earnings, with estimates ranging from ($0.05) to $0.00. Yelp reported earnings per share of $0.02 during the same quarter last year, which suggests a negative year-over-year growth rate of 250%. The company is expected to announce its next earnings report on Tuesday, August 8th.
On average, analysts expect that Yelp will report full year earnings of ($0.07) per share for the current fiscal year, with EPS estimates ranging from ($0.14) to $0.06. For the next financial year, analysts expect that the company will post earnings of $0.19 per share, with EPS estimates ranging from $0.01 to $0.45. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Yelp.
Yelp (NYSE:YELP) last issued its quarterly earnings data on Tuesday, May 9th. The local business review company reported ($0.06) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.02. Yelp had a negative return on equity of 0.01% and a negative net margin of 0.65%. The business had revenue of $197.32 million for the quarter, compared to the consensus estimate of $198.51 million. During the same period last year, the business earned $0.08 EPS. The firm’s revenue was up 24.4% compared to the same quarter last year.
YELP has been the subject of several recent research reports. Mizuho reduced their price target on Yelp from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, February 10th. Credit Suisse Group AG set a $49.00 price target on Yelp and gave the company a “buy” rating in a research report on Friday, February 10th. Royal Bank of Canada set a $55.00 price target on Yelp and gave the company a “buy” rating in a research report on Monday, February 6th. Needham & Company LLC restated a “buy” rating and issued a $45.00 price objective (up previously from $43.00) on shares of Yelp in a research note on Friday, February 10th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $52.00 price objective on shares of Yelp in a research note on Friday, February 10th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and sixteen have issued a buy rating to the company. Yelp has a consensus rating of “Hold” and an average price target of $35.36.
Shares of Yelp (NYSE:YELP) traded down 1.50% on Friday, hitting $27.65. The company had a trading volume of 2,666,227 shares. Yelp has a 12-month low of $25.46 and a 12-month high of $43.41. The firm has a 50 day moving average of $31.94 and a 200-day moving average of $35.69. The firm has a market capitalization of $2.23 billion, a P/E ratio of 373.65 and a beta of 2.11.
In other Yelp news, CFO Charles Baker sold 12,176 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $28.23, for a total transaction of $343,728.48. Following the transaction, the chief financial officer now owns 116,862 shares in the company, valued at approximately $3,299,014.26. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Geoffrey L. Donaker sold 4,000 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $28.23, for a total value of $112,920.00. Following the transaction, the director now owns 9,590 shares in the company, valued at approximately $270,725.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,121 shares of company stock worth $1,994,586. 11.08% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System raised its position in Yelp by 0.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 97,398 shares of the local business review company’s stock worth $3,714,000 after buying an additional 313 shares during the period. Commerzbank Aktiengesellschaft FI raised its position in Yelp by 11.4% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 7,696 shares of the local business review company’s stock worth $293,000 after buying an additional 789 shares during the period. Pier 88 Investment Partners LLC bought a new position in Yelp during the fourth quarter worth approximately $852,000. Radnor Capital Management LLC bought a new position in Yelp during the fourth quarter worth approximately $389,000. Finally, Russell Investments Group Ltd. bought a new position in Yelp during the fourth quarter worth approximately $2,071,000. Hedge funds and other institutional investors own 74.24% of the company’s stock.
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Yelp Company Profile
Yelp Inc (Yelp) connects people with local businesses by bringing ‘word of mouth’ online and providing a platform for businesses and consumers to engage and transact. The Company offers local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences with other consumers by posting reviews, tips, photos and videos, and to engage directly with businesses, through reviews, its Request-A-Quote and Message the Business features, and by completing transactions on the Yelp Platform.
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