Yelp Inc. (NYSE:YELP) is set to announce its earnings results after the market closes on Thursday, August 3rd. Analysts expect the company to announce earnings of ($0.03) per share for the quarter.

Yelp (NYSE:YELP) last released its earnings results on Tuesday, May 9th. The local business review company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.02. The company had revenue of $197.32 million during the quarter, compared to the consensus estimate of $198.51 million. Yelp had a return on equity of 0.77% and a net margin of 0.80%. Yelp’s revenue was up 24.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.08 EPS. On average, analysts expect Yelp to post $-0.07 EPS for the current fiscal year and $0.19 EPS for the next fiscal year.

Yelp Inc. (YELP) opened at 32.45 on Thursday. The stock has a market cap of $2.61 billion, a PE ratio of 438.51 and a beta of 1.46. Yelp Inc. has a 52 week low of $26.93 and a 52 week high of $43.41. The stock has a 50 day moving average price of $30.77 and a 200 day moving average price of $33.64.

A number of research analysts have commented on YELP shares. Pacific Crest raised Yelp from a “sector weight” rating to an “overweight” rating and increased their target price for the stock from $33.41 to $43.00 in a report on Tuesday, April 11th. Wells Fargo & Company raised Yelp from an “underperform” rating to a “market perform” rating and set a $27.00 target price on the stock in a report on Friday, May 5th. Vetr downgraded Yelp from a “strong-buy” rating to a “buy” rating and set a $36.94 target price on the stock. in a report on Thursday, April 20th. Jefferies Group LLC reaffirmed a “buy” rating and set a $37.00 target price on shares of Yelp in a report on Friday, June 23rd. Finally, Goldman Sachs Group, Inc. (The) raised Yelp from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $42.00 to $34.00 in a report on Wednesday, May 10th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $34.90.

In other news, Director Geoffrey L. Donaker sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $27.65, for a total value of $110,600.00. Following the transaction, the director now directly owns 9,590 shares of the company’s stock, valued at approximately $265,163.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Laurence Wilson sold 3,128 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $28.23, for a total value of $88,303.44. Following the completion of the transaction, the senior vice president now directly owns 181,947 shares in the company, valued at $5,136,363.81. The disclosure for this sale can be found here. Insiders sold a total of 56,251 shares of company stock worth $1,678,950 over the last three months. 10.10% of the stock is owned by company insiders.

COPYRIGHT VIOLATION WARNING: “Yelp Inc. (NYSE:YELP) to Release Quarterly Earnings on Thursday” was posted by American Banking News and is the property of of American Banking News. If you are accessing this story on another site, it was illegally copied and republished in violation of international copyright law. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/07/27/yelp-inc-nyseyelp-to-release-quarterly-earnings-on-thursday.html.

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.

Earnings History for Yelp (NYSE:YELP)

Receive News & Ratings for Yelp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yelp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.