Zacks: Brokerages Expect Yelp Inc (NYSE:YELP) Will Post Earnings of $0.26 Per Share

Wall Street brokerages forecast that Yelp Inc (NYSE:YELP) will report earnings of $0.26 per share for the current quarter, Zacks Investment Research reports. Ten analysts have made estimates for Yelp’s earnings, with the lowest EPS estimate coming in at $0.18 and the highest estimate coming in at $0.35. Yelp reported earnings per share of $0.53 during the same quarter last year, which would suggest a negative year-over-year growth rate of 50.9%. The company is expected to issue its next quarterly earnings report on Wednesday, February 12th.

On average, analysts expect that Yelp will report full-year earnings of $0.55 per share for the current fiscal year, with EPS estimates ranging from $0.37 to $0.64. For the next year, analysts anticipate that the firm will report earnings of $1.01 per share, with EPS estimates ranging from $0.79 to $1.31. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Yelp.

Several analysts have issued reports on the company. Evercore ISI set a $38.00 price target on Yelp and gave the company a “hold” rating in a report on Friday, August 9th. Needham & Company LLC reissued a “hold” rating on shares of Yelp in a report on Wednesday. Royal Bank of Canada reissued an “outperform” rating and set a $44.00 price target (up previously from $42.00) on shares of Yelp in a report on Friday, August 9th. Morgan Stanley boosted their price target on Yelp from $31.00 to $32.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Finally, ValuEngine lowered Yelp from a “hold” rating to a “sell” rating in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $39.86.

Institutional investors have recently made changes to their positions in the company. Meeder Asset Management Inc. lifted its position in shares of Yelp by 271.5% in the second quarter. Meeder Asset Management Inc. now owns 1,371 shares of the local business review company’s stock valued at $47,000 after acquiring an additional 1,002 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Yelp by 379.9% in the second quarter. Tower Research Capital LLC TRC now owns 1,603 shares of the local business review company’s stock valued at $55,000 after acquiring an additional 1,269 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of Yelp in the second quarter valued at about $78,000. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Yelp by 89.0% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,663 shares of the local business review company’s stock valued at $91,000 after acquiring an additional 1,254 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Yelp by 126.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 4,786 shares of the local business review company’s stock valued at $162,000 after acquiring an additional 2,668 shares in the last quarter. Institutional investors and hedge funds own 92.45% of the company’s stock.

NYSE:YELP traded up $1.12 during mid-day trading on Friday, hitting $35.26. 1,158,219 shares of the company traded hands, compared to its average volume of 1,540,559. The stock’s fifty day moving average price is $33.85 and its 200-day moving average price is $33.98. Yelp has a one year low of $30.12 and a one year high of $40.99. The company has a quick ratio of 3.67, a current ratio of 3.67 and a debt-to-equity ratio of 0.26. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 78.36, a price-to-earnings-growth ratio of 2.97 and a beta of 1.01.

About Yelp

Yelp Inc operates a platform that connects consumers 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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Earnings History and Estimates for Yelp (NYSE:YELP)

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