Zacks: Analysts Expect Yelp Inc (YELP) Will Post Quarterly Sales of $215.03 Million
Analysts expect Yelp Inc (NYSE:YELP) to report sales of $215.03 million for the current quarter, according to Zacks Investment Research. Fourteen analysts have provided estimates for Yelp’s earnings. The lowest sales estimate is $213.57 million and the highest is $217.00 million. Yelp reported sales of $194.80 million during the same quarter last year, which suggests a positive year-over-year growth rate of 10.4%. The business is expected to announce its next earnings results on Thursday, February 8th.
According to Zacks, analysts expect that Yelp will report full year sales of $215.03 million for the current year, with estimates ranging from $842.14 million to $863.80 million. For the next fiscal year, analysts forecast that the firm will post sales of $953.85 million per share, with estimates ranging from $936.39 million to $968.10 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Yelp.
Yelp (NYSE:YELP) last released its earnings results on Wednesday, November 1st. The local business review company reported $0.29 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.30. Yelp had a net margin of 2.31% and a return on equity of 2.20%. The firm had revenue of $222.40 million during the quarter, compared to analyst estimates of $220.75 million. During the same quarter in the previous year, the firm earned $0.22 earnings per share. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year.
Yelp (NYSE:YELP) opened at $42.85 on Friday. The company has a market cap of $3,550.00, a PE ratio of 186.30, a PEG ratio of 4.14 and a beta of 1.22. Yelp has a 12-month low of $26.93 and a 12-month high of $48.40.
In other Yelp news, insider Laurence Wilson sold 17,871 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $44.03, for a total transaction of $786,860.13. Following the completion of the sale, the insider now directly owns 195,610 shares of the company’s stock, valued at $8,612,708.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Alan Ramsay sold 592 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $46.92, for a total transaction of $27,776.64. Following the sale, the insider now directly owns 20,048 shares of the company’s stock, valued at $940,652.16. The disclosure for this sale can be found here. Insiders sold a total of 339,956 shares of company stock valued at $15,169,718 over the last three months. 10.10% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. increased its holdings in shares of Yelp by 98.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,091 shares of the local business review company’s stock valued at $123,000 after purchasing an additional 2,033 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of Yelp by 28,585.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 4,016 shares of the local business review company’s stock valued at $174,000 after purchasing an additional 4,002 shares during the period. Commerzbank Aktiengesellschaft FI acquired a new position in shares of Yelp in the 3rd quarter valued at about $204,000. Ameritas Investment Partners Inc. acquired a new position in shares of Yelp in the 2nd quarter valued at about $205,000. Finally, ProShare Advisors LLC acquired a new position in shares of Yelp in the 2nd quarter valued at about $215,000. 85.69% of the stock is owned by institutional investors.
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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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