Yelp Inc. (NYSE:YELP) will announce its earnings results after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of ($0.02) per share for the quarter.

Yelp (NYSE:YELP) last posted its earnings results on Thursday, August 3rd. The local business review company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.12. Yelp had a return on equity of 1.60% and a net margin of 1.67%. The business had revenue of $209.90 million during the quarter, compared to analyst estimates of $204.89 million. During the same quarter last year, the firm earned $0.16 earnings per share. The company’s revenue for the quarter was up 21.0% compared to the same quarter last year. On average, analysts expect Yelp to post $0.06 EPS for the current fiscal year and $0.28 EPS for the next fiscal year.

Shares of Yelp Inc. (NYSE:YELP) opened at 43.68 on Wednesday. Yelp Inc. has a 1-year low of $26.93 and a 1-year high of $46.76. The stock has a 50 day moving average price of $43.87 and a 200-day moving average price of $36.15. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 276.46 and a beta of 1.34.

Yelp declared that its board has authorized a stock repurchase program on Thursday, August 3rd that allows the company to buyback $200.00 million in shares. This buyback authorization allows the local business review company to reacquire up to 7.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

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In other news, Director Geoffrey L. Donaker sold 6,000 shares of Yelp stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $43.36, for a total transaction of $260,160.00. Following the transaction, the director now owns 9,590 shares in the company, valued at $415,822.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jeremy Stoppelman sold 13,000 shares of Yelp stock in a transaction on Friday, August 4th. The stock was sold at an average price of $40.00, for a total transaction of $520,000.00. The disclosure for this sale can be found here. Insiders sold 264,610 shares of company stock worth $11,151,670 over the last three months. 10.10% of the stock is currently owned by insiders.

Several equities analysts recently weighed in on YELP shares. Roth Capital set a $21.00 price objective on Yelp and gave the stock a “sell” rating in a research report on Monday, July 31st. Robert W. Baird reissued a “neutral” rating on shares of Yelp in a research report on Monday, July 3rd. B. Riley reissued a “neutral” rating and set a $36.00 price objective on shares of Yelp in a research report on Friday, August 4th. Barclays PLC reissued an “equal weight” rating and set a $36.00 price objective (up previously from $28.00) on shares of Yelp in a research report on Friday, August 4th. Finally, BidaskClub upgraded Yelp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, twenty have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $40.81.

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)

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