Yelp (YELP) Expected to Post Earnings of $0.27 Per Share

Analysts predict that Yelp (NYSE:YELP) will announce earnings per share of $0.27 for the current quarter, Zacks reports. Fourteen analysts have made estimates for Yelp’s earnings, with the highest EPS estimate coming in at $0.34 and the lowest estimate coming in at $0.21. Yelp reported earnings per share of $0.09 during the same quarter last year, which would suggest a positive year-over-year growth rate of 200%. The business is expected to report its next earnings report on Thursday, August 2nd.

According to Zacks, analysts expect that Yelp will report full-year earnings of $1.16 per share for the current year, with EPS estimates ranging from $0.96 to $1.36. For the next fiscal year, analysts anticipate that the company will report earnings of $1.52 per share, with EPS estimates ranging from $1.20 to $1.85. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Yelp.

Yelp (NYSE:YELP) last announced its earnings results on Thursday, May 10th. The local business review company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.05). Yelp had a net margin of 17.80% and a return on equity of 0.47%. The business had revenue of $223.07 million during the quarter, compared to analyst estimates of $220.17 million. During the same quarter last year, the business posted $0.19 earnings per share. The business’s quarterly revenue was up 12.6% compared to the same quarter last year.

Several equities analysts recently issued reports on the company. Stifel Nicolaus decreased their price target on Yelp from $40.00 to $38.00 and set a “hold” rating on the stock in a report on Thursday, February 8th. SunTrust Banks set a $50.00 price target on Yelp and gave the company a “buy” rating in a report on Thursday, February 8th. Barclays raised their price target on Yelp from $43.00 to $44.00 and gave the company an “equal weight” rating in a report on Thursday, February 8th. Credit Suisse Group raised their price target on Yelp from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, May 11th. Finally, B. Riley reiterated a “neutral” rating on shares of Yelp in a report on Tuesday, February 6th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $45.31.

In other news, Director Geoffrey L. Donaker sold 6,000 shares of Yelp stock in a transaction dated Tuesday, April 3rd. The stock was sold at an average price of $40.85, for a total transaction of $245,100.00. Following the transaction, the director now owns 10,055 shares in the company, valued at approximately $410,746.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Joseph R. Nachman sold 14,500 shares of Yelp stock in a transaction dated Friday, April 20th. The shares were sold at an average price of $44.50, for a total value of $645,250.00. Following the transaction, the chief operating officer now owns 142,355 shares in the company, valued at approximately $6,334,797.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 122,500 shares of company stock worth $5,351,675. Company insiders own 9.00% of the company’s stock.

Several large investors have recently added to or reduced their stakes in YELP. Convergence Investment Partners LLC bought a new position in shares of Yelp during the 4th quarter valued at about $1,624,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of Yelp by 8.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 387,029 shares of the local business review company’s stock valued at $16,240,000 after purchasing an additional 30,578 shares in the last quarter. First Manhattan Co. lifted its holdings in shares of Yelp by 62.6% during the 4th quarter. First Manhattan Co. now owns 711,148 shares of the local business review company’s stock valued at $29,839,000 after purchasing an additional 273,755 shares in the last quarter. Boston Advisors LLC lifted its holdings in shares of Yelp by 161.5% during the 4th quarter. Boston Advisors LLC now owns 32,525 shares of the local business review company’s stock valued at $1,365,000 after purchasing an additional 20,085 shares in the last quarter. Finally, APG Asset Management N.V. bought a new position in shares of Yelp during the 4th quarter valued at about $1,129,000. Institutional investors and hedge funds own 88.57% of the company’s stock.

Shares of NYSE:YELP opened at $45.23 on Friday. Yelp has a twelve month low of $43.19 and a twelve month high of $44.75. The firm has a market capitalization of $3.61 billion, a PE ratio of 646.14, a price-to-earnings-growth ratio of 15.94 and a beta of 1.10.

About Yelp

Yelp Inc operates a platform that connects people with local businesses in the United States, Canada, and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.

Get a free copy of the Zacks research report on Yelp (YELP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Yelp (NYSE:YELP)

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



Leave a Reply