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.
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.
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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