Analysts Anticipate Yelp Inc. (NYSE:YELP) to Announce $0.01 EPS

Analysts expect Yelp Inc. (NYSE:YELP) to announce earnings per share of $0.01 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Yelp’s earnings. The highest EPS estimate is $0.06 and the lowest is ($0.03). Yelp posted earnings per share of ($0.01) in the same quarter last year, which would suggest a positive year-over-year growth rate of 200%. The business is expected to issue its next quarterly earnings report on Thursday, November 4th.

On average, analysts expect that Yelp will report full-year earnings of $0.08 per share for the current year, with EPS estimates ranging from $0.03 to $0.19. For the next year, analysts forecast that the business will post earnings of $0.41 per share, with EPS estimates ranging from $0.31 to $0.54. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Yelp.

Yelp (NYSE:YELP) last released its quarterly earnings data on Thursday, August 5th. The local business review company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.13. Yelp had a net margin of 1.96% and a return on equity of 2.24%.

YELP has been the topic of several research analyst reports. Barclays lifted their target price on shares of Yelp from $30.00 to $31.00 and gave the company an “underweight” rating in a research report on Friday, August 6th. Credit Suisse Group lifted their target price on shares of Yelp from $43.00 to $53.00 and gave the stock an “outperform” rating in a research note on Friday, August 6th. Zacks Investment Research downgraded shares of Yelp from a “buy” rating to a “hold” rating and set a $41.00 price target on the stock. in a research note on Thursday, August 12th. Finally, Morgan Stanley restated a “sell” rating and issued a $33.00 price objective on shares of Yelp in a report on Wednesday, July 14th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $36.56.

Shares of NYSE YELP traded up $0.03 during midday trading on Wednesday, reaching $36.15. The company had a trading volume of 17,747 shares, compared to its average volume of 814,359. The stock has a market cap of $2.66 billion, a P/E ratio of 157.17 and a beta of 1.87. Yelp has a 1 year low of $18.67 and a 1 year high of $43.86. The business’s 50-day simple moving average is $37.74 and its 200 day simple moving average is $39.06.

In related news, insider Miriam Warren sold 2,535 shares of the stock in a transaction dated Monday, August 23rd. The shares were sold at an average price of $37.09, for a total value of $94,023.15. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 9.50% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in shares of Yelp by 5.0% during the 1st quarter. BlackRock Inc. now owns 8,584,077 shares of the local business review company’s stock worth $334,779,000 after purchasing an additional 408,817 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Yelp by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 7,388,435 shares of the local business review company’s stock worth $295,242,000 after acquiring an additional 101,396 shares during the period. Boston Partners lifted its holdings in shares of Yelp by 1.2% during the 2nd quarter. Boston Partners now owns 3,584,641 shares of the local business review company’s stock worth $143,003,000 after acquiring an additional 42,433 shares during the period. Invesco Ltd. lifted its holdings in shares of Yelp by 11.4% during the 2nd quarter. Invesco Ltd. now owns 2,441,034 shares of the local business review company’s stock worth $97,543,000 after acquiring an additional 250,022 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Yelp by 2.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,637,638 shares of the local business review company’s stock worth $65,441,000 after acquiring an additional 31,916 shares during the period. 89.36% of the stock is currently owned by institutional investors.

Yelp Company Profile

Yelp, Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company’s platform covers various local business categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services.

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Earnings History and Estimates for Yelp (NYSE:YELP)

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