Analysts Anticipate Yelp Inc (YELP) Will Post Earnings of $0.33 Per Share

Analysts expect Yelp Inc (NYSE:YELP) to post $0.33 earnings per share for the current fiscal quarter, Zacks reports. Thirteen analysts have issued estimates for Yelp’s earnings, with the highest EPS estimate coming in at $0.42 and the lowest estimate coming in at $0.27. Yelp posted earnings per share of $0.09 during the same quarter last year, which indicates a positive year-over-year growth rate of 266.7%. The business is scheduled to announce its next earnings results on Wednesday, November 7th.

On average, analysts expect that Yelp will report full-year earnings of $1.25 per share for the current financial year, with EPS estimates ranging from $1.08 to $1.34. For the next financial year, analysts forecast that the company will post earnings of $1.52 per share, with EPS estimates ranging from $1.14 to $1.89. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for 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 YELP shares. ValuEngine raised shares of Yelp from a “sell” rating to a “hold” rating in a research note on Tuesday, May 1st. JPMorgan Chase & Co. boosted their price objective on shares of Yelp from $51.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, May 11th. Aegis downgraded shares of Yelp from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $46.00 to $45.00 in a research note on Friday, May 11th. Credit Suisse Group boosted their price objective on shares of Yelp from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, May 11th. Finally, B. Riley raised shares of Yelp from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $42.00 to $58.00 in a research note on Friday, May 18th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $48.17.

Shares of NYSE:YELP opened at $46.82 on Monday. The company has a market capitalization of $4.13 billion, a P/E ratio of 668.86, a price-to-earnings-growth ratio of 16.19 and a beta of 0.96. Yelp has a 52 week low of $36.42 and a 52 week high of $51.33.

In other news, COO Joseph R. Nachman sold 16,303 shares of the business’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $50.00, for a total transaction of $815,150.00. Following the sale, the chief operating officer now directly owns 131,734 shares of the company’s stock, valued at $6,586,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Joseph R. Nachman sold 10,500 shares of the business’s stock in a transaction on Monday, May 21st. The shares were sold at an average price of $46.98, for a total transaction of $493,290.00. Following the sale, the chief operating officer now directly owns 121,861 shares in the company, valued at $5,725,029.78. The disclosure for this sale can be found here. Insiders sold 199,803 shares of company stock worth $8,505,535 over the last ninety days. Corporate insiders own 9.00% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in 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. 88.40% of the stock is currently owned by hedge funds and other institutional investors.

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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