Yelp Inc (NYSE:YELP) Expected to Announce Earnings of $0.19 Per Share

Brokerages expect Yelp Inc (NYSE:YELP) to post $0.19 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for Yelp’s earnings, with estimates ranging from $0.14 to $0.28. Yelp posted earnings per share of $0.43 during the same quarter last year, which indicates a negative year over year growth rate of 55.8%. The company is expected to report its next quarterly earnings results after the market closes on Thursday, November 14th.

On average, analysts expect that Yelp will report full year earnings of $0.68 per share for the current year, with EPS estimates ranging from $0.49 to $0.97. For the next fiscal year, analysts anticipate that the company will report earnings of $1.04 per share, with EPS estimates ranging from $0.54 to $1.36. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Yelp.

Yelp (NYSE:YELP) last posted its earnings results on Thursday, August 8th. The local business review company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.04. Yelp had a net margin of 6.26% and a return on equity of 4.62%. The business had revenue of $246.96 million for the quarter, compared to analysts’ expectations of $247.63 million. During the same period in the prior year, the company posted $0.12 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year.

Several analysts have issued reports on YELP shares. Oppenheimer reiterated a “hold” rating on shares of Yelp in a research note on Friday, August 9th. DA Davidson reiterated a “buy” rating on shares of Yelp in a research note on Friday, August 9th. Wedbush set a $38.00 target price on shares of Yelp and gave the stock a “hold” rating in a research note on Friday, September 27th. Credit Suisse Group reiterated an “outperform” rating and issued a $46.00 target price (up from $45.00) on shares of Yelp in a research note on Friday, August 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $44.00 target price (up from $42.00) on shares of Yelp in a research note on Friday, August 9th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the stock. Yelp has an average rating of “Hold” and an average price target of $38.79.

Institutional investors have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System lifted its position in shares of Yelp by 1.1% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 52,751 shares of the local business review company’s stock worth $1,803,000 after purchasing an additional 580 shares during the period. Meadow Creek Investment Management LLC lifted its position in shares of Yelp by 18.1% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 5,632 shares of the local business review company’s stock worth $192,000 after purchasing an additional 864 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Yelp by 20.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,239 shares of the local business review company’s stock worth $182,000 after purchasing an additional 877 shares during the period. Meeder Asset Management Inc. lifted its position in shares of Yelp by 271.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 1,371 shares of the local business review company’s stock worth $47,000 after purchasing an additional 1,002 shares during the period. Finally, Neuburgh Advisers LLC lifted its position in shares of Yelp by 18.1% in the 2nd quarter. Neuburgh Advisers LLC now owns 7,744 shares of the local business review company’s stock worth $265,000 after purchasing an additional 1,188 shares during the period. Hedge funds and other institutional investors own 92.91% of the company’s stock.

NYSE YELP traded up $0.20 on Wednesday, hitting $34.89. The stock had a trading volume of 39,811 shares, compared to its average volume of 726,641. Yelp has a 52-week low of $29.33 and a 52-week high of $45.45. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.91 and a current ratio of 3.91. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 77.58, a price-to-earnings-growth ratio of 2.34 and a beta of 0.98. The firm has a 50-day moving average of $34.15 and a 200-day moving average of $34.33.

Yelp Company Profile

Yelp Inc operates a platform that connects consumers 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.

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Earnings History and Estimates for Yelp (NYSE:YELP)

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