$0.11 Earnings Per Share Expected for Yelp Inc (YELP) This Quarter

Wall Street brokerages expect Yelp Inc (NYSE:YELP) to announce earnings of $0.11 per share for the current quarter, Zacks Investment Research reports. Thirteen analysts have made estimates for Yelp’s earnings. The highest EPS estimate is $0.19 and the lowest is $0.04. Yelp posted earnings per share of $0.38 during the same quarter last year, which would suggest a negative year-over-year growth rate of 71.1%. The firm is expected to issue its next earnings report on Wednesday, August 14th.

On average, analysts expect that Yelp will report full year earnings of $0.68 per share for the current fiscal year, with EPS estimates ranging from $0.44 to $0.96. For the next financial year, analysts anticipate that the firm will report earnings of $1.01 per share, with EPS estimates ranging from $0.52 to $1.55. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Yelp.

Yelp (NYSE:YELP) last announced its earnings results on Thursday, May 9th. The local business review company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The firm had revenue of $235.94 million for the quarter, compared to the consensus estimate of $234.96 million. Yelp had a net margin of 6.17% and a return on equity of 4.09%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.03) EPS.

Several brokerages recently commented on YELP. Zacks Investment Research downgraded shares of Yelp from a “buy” rating to a “hold” rating in a report on Monday, April 22nd. ValuEngine downgraded shares of Yelp from a “hold” rating to a “sell” rating in a report on Friday, May 10th. BMO Capital Markets began coverage on shares of Yelp in a report on Wednesday, April 17th. They issued an “outperform” rating on the stock. B. Riley lifted their target price on shares of Yelp from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, February 14th. Finally, Credit Suisse Group lifted their target price on shares of Yelp from $50.00 to $59.00 and gave the stock an “outperform” rating in a report on Thursday, February 14th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $39.42.

YELP traded up $0.49 during trading on Thursday, hitting $32.18. The stock had a trading volume of 43,367 shares, compared to its average volume of 1,882,456. The company has a market capitalization of $2.63 billion, a PE ratio of 71.60, a price-to-earnings-growth ratio of 1.91 and a beta of 0.97. Yelp has a 12 month low of $29.33 and a 12 month high of $52.50. The company has a debt-to-equity ratio of 0.21, a current ratio of 5.93 and a quick ratio of 13.25.

In related news, Director Geoffrey L. Donaker sold 2,000 shares of the company’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $38.35, for a total value of $76,700.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Alan Ramsay sold 19,774 shares of the company’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $38.27, for a total transaction of $756,750.98. Following the completion of the sale, the insider now directly owns 33,750 shares in the company, valued at approximately $1,291,612.50. The disclosure for this sale can be found here. Insiders own 9.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC increased its stake in Yelp by 142.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 850 shares of the local business review company’s stock valued at $30,000 after acquiring an additional 500 shares during the period. Oregon Public Employees Retirement Fund acquired a new position in Yelp in the fourth quarter valued at about $31,000. Mondrian Capital Management LLC acquired a new position in Yelp in the fourth quarter valued at about $35,000. Ladenburg Thalmann Financial Services Inc. boosted its position in Yelp by 38.8% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,409 shares of the local business review company’s stock valued at $48,000 after buying an additional 394 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Yelp by 271.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,227 shares of the local business review company’s stock valued at $78,000 after buying an additional 1,627 shares in the last quarter. 95.20% of the stock is currently owned by institutional investors and hedge funds.

About Yelp

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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