Q1 2024 Earnings Estimate for Yelp Inc. (NYSE:YELP) Issued By Zacks Research

Yelp Inc. (NYSE:YELP) – Zacks Research reduced their Q1 2024 earnings per share (EPS) estimates for shares of Yelp in a research note issued on Wednesday, April 17th. Zacks Research analyst R. Department now anticipates that the local business review company will post earnings of $0.04 per share for the quarter, down from their previous estimate of $0.06. The consensus estimate for Yelp’s current full-year earnings is $1.53 per share. Zacks Research also issued estimates for Yelp’s Q4 2024 earnings at $0.54 EPS, Q1 2026 earnings at $0.49 EPS and FY2026 earnings at $2.25 EPS.

Yelp (NYSE:YELP) last posted its quarterly earnings results on Thursday, February 15th. The local business review company reported $0.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.37. Yelp had a net margin of 7.42% and a return on equity of 14.06%. The business had revenue of $342.38 million during the quarter, compared to the consensus estimate of $341.83 million. During the same period in the previous year, the firm posted $0.28 earnings per share. Yelp’s revenue for the quarter was up 10.8% compared to the same quarter last year.

Other equities research analysts have also recently issued reports about the company. Raymond James began coverage on Yelp in a research note on Wednesday, March 27th. They set a “market perform” rating for the company. StockNews.com raised Yelp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 24th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $41.75.

Yelp Stock Performance

Shares of Yelp stock opened at $39.56 on Thursday. The firm has a fifty day moving average of $39.37 and a two-hundred day moving average of $42.62. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 29.30 and a beta of 1.49. Yelp has a 52 week low of $26.53 and a 52 week high of $48.99.

Institutional Trading of Yelp

Institutional investors have recently modified their holdings of the company. C M Bidwell & Associates Ltd. bought a new stake in shares of Yelp in the fourth quarter valued at about $27,000. Ronald Blue Trust Inc. lifted its holdings in shares of Yelp by 96.6% in the third quarter. Ronald Blue Trust Inc. now owns 755 shares of the local business review company’s stock valued at $31,000 after purchasing an additional 371 shares in the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Yelp in the fourth quarter valued at about $43,000. Dark Forest Capital Management LP lifted its holdings in shares of Yelp by 83.6% in the first quarter. Dark Forest Capital Management LP now owns 1,166 shares of the local business review company’s stock valued at $36,000 after purchasing an additional 531 shares in the last quarter. Finally, Belpointe Asset Management LLC lifted its holdings in shares of Yelp by 221.1% in the first quarter. Belpointe Asset Management LLC now owns 1,204 shares of the local business review company’s stock valued at $37,000 after purchasing an additional 829 shares in the last quarter. 90.11% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Yelp

In other Yelp news, COO Joseph R. Nachman sold 6,000 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $44.75, for a total value of $268,500.00. Following the completion of the transaction, the chief operating officer now directly owns 248,976 shares of the company’s stock, valued at $11,141,676. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Yelp news, COO Joseph R. Nachman sold 6,000 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $44.75, for a total value of $268,500.00. Following the completion of the transaction, the chief operating officer now directly owns 248,976 shares of the company’s stock, valued at $11,141,676. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO David A. Schwarzbach sold 2,750 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $40.63, for a total value of $111,732.50. Following the completion of the transaction, the chief financial officer now directly owns 258,848 shares of the company’s stock, valued at $10,516,994.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,750 shares of company stock valued at $613,213. Company insiders own 7.20% of the company’s stock.

About Yelp

Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various 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.