Zacks: Brokerages Expect Yelp Inc. (NYSE:YELP) Will Post Earnings of $0.03 Per Share

Wall Street analysts expect Yelp Inc. (NYSE:YELPGet Rating) to post earnings of $0.03 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Yelp’s earnings. The lowest EPS estimate is ($0.01) and the highest is $0.09. Yelp posted earnings of $0.05 per share during the same quarter last year, which suggests a negative year over year growth rate of 40%. The firm is scheduled to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Yelp will report full-year earnings of $1.00 per share for the current fiscal year, with EPS estimates ranging from $0.63 to $1.47. For the next fiscal year, analysts expect that the company will post earnings of $1.39 per share, with EPS estimates ranging from $0.79 to $2.05. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Yelp.

Yelp (NYSE:YELPGet Rating) last released its quarterly earnings data on Thursday, May 5th. The local business review company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.10. Yelp had a return on equity of 5.82% and a net margin of 4.14%. The company had revenue of $276.60 million for the quarter, compared to the consensus estimate of $266.60 million. During the same period last year, the business posted ($0.08) EPS. Yelp’s quarterly revenue was up 19.2% on a year-over-year basis.

A number of brokerages have recently issued reports on YELP. BMO Capital Markets cut their price target on Yelp from $42.00 to $37.00 in a report on Tuesday, May 10th. Zacks Investment Research downgraded Yelp from a “hold” rating to a “sell” rating and set a $32.00 price target on the stock. in a report on Monday, May 9th. Wells Fargo & Company cut their price target on Yelp from $40.00 to $35.00 in a report on Monday, May 9th. Finally, StockNews.com raised Yelp from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 6th. Three research analysts have rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $37.14.

In other news, CFO David A. Schwarzbach sold 7,500 shares of the business’s stock in a transaction dated Friday, April 1st. The stock was sold at an average price of $34.24, for a total value of $256,800.00. Following the completion of the transaction, the chief financial officer now owns 214,945 shares of the company’s stock, valued at approximately $7,359,716.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Joseph R. Nachman sold 20,500 shares of the business’s stock in a transaction dated Friday, April 1st. The shares were sold at an average price of $34.24, for a total value of $701,920.00. Following the completion of the transaction, the chief operating officer now directly owns 348,102 shares of the company’s stock, valued at approximately $11,919,012.48. The disclosure for this sale can be found here. Insiders sold a total of 48,000 shares of company stock valued at $1,604,560 in the last three months. Insiders own 9.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its stake in shares of Yelp by 8.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 781,948 shares of the local business review company’s stock valued at $26,672,000 after purchasing an additional 62,783 shares in the last quarter. Quinn Opportunity Partners LLC increased its stake in Yelp by 6.7% during the 1st quarter. Quinn Opportunity Partners LLC now owns 138,256 shares of the local business review company’s stock worth $4,716,000 after buying an additional 8,738 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Yelp during the 1st quarter worth approximately $826,000. Guggenheim Capital LLC increased its stake in Yelp by 115.6% during the 1st quarter. Guggenheim Capital LLC now owns 26,071 shares of the local business review company’s stock worth $889,000 after buying an additional 13,981 shares in the last quarter. Finally, PDT Partners LLC increased its stake in Yelp by 11.7% during the 1st quarter. PDT Partners LLC now owns 82,234 shares of the local business review company’s stock worth $2,805,000 after buying an additional 8,646 shares in the last quarter. Hedge funds and other institutional investors own 88.33% of the company’s stock.

Shares of NYSE:YELP traded up $1.01 on Friday, reaching $30.48. The company had a trading volume of 15,603 shares, compared to its average volume of 678,772. Yelp has a 52-week low of $26.42 and a 52-week high of $43.28. The firm’s 50 day simple moving average is $32.63 and its 200-day simple moving average is $34.30. The firm has a market capitalization of $2.17 billion, a PE ratio of 53.47 and a beta of 1.66.

Yelp Company Profile (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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Earnings History and Estimates for Yelp (NYSE:YELP)

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