Yelp Inc. (NYSE:YELP) Expected to Announce Quarterly Sales of $266.66 Million

Wall Street brokerages expect Yelp Inc. (NYSE:YELPGet Rating) to announce sales of $266.66 million for the current quarter, Zacks reports. Three analysts have provided estimates for Yelp’s earnings, with the lowest sales estimate coming in at $264.70 million and the highest estimate coming in at $269.23 million. Yelp reported sales of $232.10 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 14.9%. The firm is scheduled to issue its next earnings results on Monday, January 1st.

On average, analysts expect that Yelp will report full-year sales of $1.16 billion for the current financial year, with estimates ranging from $1.12 billion to $1.18 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.30 billion, with estimates ranging from $1.26 billion to $1.34 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Yelp.

Yelp (NYSE:YELPGet Rating) last posted its earnings results on Thursday, February 10th. The local business review company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.15. The business had revenue of $273.40 million during the quarter, compared to the consensus estimate of $272.10 million. Yelp had a return on equity of 5.02% and a net margin of 3.84%. Yelp’s revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the company earned $0.27 EPS.

YELP has been the subject of several analyst reports. StockNews.com initiated coverage on Yelp in a research report on Thursday, March 31st. They set a “buy” rating for the company. Zacks Investment Research upgraded Yelp from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective for the company in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $39.57.

In other news, CFO David A. Schwarzbach sold 7,500 shares of the business’s stock in a transaction on Friday, April 1st. The stock was sold at an average price of $34.24, for a total transaction of $256,800.00. Following the completion of the sale, the chief financial officer now owns 214,945 shares in the company, valued at $7,359,716.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Joseph R. Nachman sold 20,500 shares of Yelp stock in a transaction on Friday, April 1st. The stock was sold at an average price of $34.24, for a total value of $701,920.00. Following the sale, the chief operating officer now directly owns 348,102 shares of the company’s stock, valued at $11,919,012.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,679 shares of company stock valued at $1,395,302. 9.50% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the stock. US Bancorp DE grew its stake in Yelp by 63.0% in the third quarter. US Bancorp DE now owns 1,213 shares of the local business review company’s stock valued at $46,000 after acquiring an additional 469 shares during the period. Point72 Hong Kong Ltd acquired a new position in Yelp in the fourth quarter valued at about $53,000. Daiwa Securities Group Inc. acquired a new position in Yelp in the third quarter valued at about $62,000. KBC Group NV acquired a new position in Yelp in the fourth quarter valued at about $79,000. Finally, Nisa Investment Advisors LLC grew its stake in Yelp by 12.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,390 shares of the local business review company’s stock valued at $152,000 after acquiring an additional 480 shares during the period. 88.10% of the stock is owned by institutional investors and hedge funds.

Yelp stock opened at $34.38 on Friday. The company has a market capitalization of $2.44 billion, a PE ratio of 68.76 and a beta of 1.75. Yelp has a one year low of $30.19 and a one year high of $43.28. The business has a 50 day simple moving average of $34.22 and a 200 day simple moving average of $35.79.

About Yelp (Get Rating)

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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