Zacks: Brokerages Anticipate Yelp Inc (YELP) Will Announce Earnings of $0.33 Per Share

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Equities research analysts forecast that Yelp Inc (NYSE:YELP) will report earnings of $0.33 per share for the current fiscal quarter, according to Zacks. Thirteen analysts have provided estimates for Yelp’s earnings. The highest EPS estimate is $0.42 and the lowest is $0.27. Yelp posted earnings of $0.09 per share during the same quarter last year, which would suggest a positive year over year growth rate of 266.7%. The firm is expected to announce its next quarterly earnings report on Wednesday, November 7th.

According to Zacks, analysts expect that Yelp will report full-year earnings of $1.27 per share for the current year, with EPS estimates ranging from $1.08 to $1.40. For the next financial year, analysts anticipate that the company will post earnings of $1.53 per share, with EPS estimates ranging from $1.14 to $1.89. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Yelp.

Yelp (NYSE:YELP) last issued its quarterly earnings data on Wednesday, August 8th. The local business review company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.14. The company had revenue of $234.90 million during the quarter, compared to the consensus estimate of $232.26 million. Yelp had a net margin of 17.64% and a return on equity of 0.74%. Yelp’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 earnings per share.

A number of equities analysts recently commented on the stock. Barclays boosted their price objective on shares of Yelp from $47.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 9th. JPMorgan Chase & Co. boosted their price objective on shares of Yelp to $57.00 and gave the stock an “overweight” rating in a research note on Thursday, August 9th. KeyCorp reissued a “hold” rating on shares of Yelp in a research note on Thursday, August 9th. Jefferies Financial Group boosted their price objective on shares of Yelp from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, August 9th. Finally, Robert W. Baird boosted their price objective on shares of Yelp from $44.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, August 9th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $48.13.

NYSE:YELP traded down $0.02 during trading hours on Thursday, reaching $44.91. The company’s stock had a trading volume of 1,136,800 shares, compared to its average volume of 1,741,302. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 640.86, a price-to-earnings-growth ratio of 8.56 and a beta of 1.32. Yelp has a 12 month low of $36.42 and a 12 month high of $51.33.

In other news, CEO Jeremy Stoppelman sold 13,000 shares of the company’s stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $42.08, for a total transaction of $547,040.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Joseph R. Nachman sold 10,500 shares of the company’s stock in a transaction on Thursday, July 26th. The stock was sold at an average price of $40.00, for a total value of $420,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 213,803 shares of company stock worth $9,221,445. Insiders own 9.00% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Janus Henderson Group PLC purchased a new stake in shares of Yelp during the second quarter valued at $206,000. Sciencast Management LP purchased a new stake in shares of Yelp during the first quarter valued at $230,000. Gideon Capital Advisors Inc. purchased a new stake in shares of Yelp during the second quarter valued at $245,000. AMP Capital Investors Ltd purchased a new stake in shares of Yelp during the second quarter valued at $305,000. Finally, S. R. Schill & Associates purchased a new stake in shares of Yelp during the first quarter valued at $333,000. 95.25% of the stock is currently owned by institutional investors and hedge funds.

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.

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