Yelp Inc (YELP) Expected to Announce Earnings of $0.02 Per Share

Brokerages expect Yelp Inc (NYSE:YELP) to report earnings per share (EPS) of $0.02 for the current fiscal quarter, Zacks reports. Fourteen analysts have provided estimates for Yelp’s earnings, with the lowest EPS estimate coming in at ($0.02) and the highest estimate coming in at $0.05. Yelp reported earnings of $0.30 per share in the same quarter last year, which would indicate a negative year over year growth rate of 93.3%. The company is expected to issue its next quarterly earnings report on Thursday, May 9th.

According to Zacks, analysts expect that Yelp will report full year earnings of $0.69 per share for the current fiscal year, with EPS estimates ranging from $0.38 to $1.02. For the next year, analysts forecast that the business will report earnings of $1.03 per share, with EPS estimates ranging from $0.53 to $1.47. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Yelp.

Yelp (NYSE:YELP) last issued its quarterly earnings data on Wednesday, February 13th. The local business review company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.07. The firm had revenue of $243.70 million for the quarter, compared to analyst estimates of $241.11 million. Yelp had a net margin of 5.87% and a return on equity of 3.67%. The company’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.19 EPS.

Several brokerages have commented on YELP. ValuEngine upgraded shares of Yelp from a “sell” rating to a “hold” rating in a report on Wednesday. B. Riley raised their price target on shares of Yelp from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, February 14th. Credit Suisse Group raised their price target on shares of Yelp from $50.00 to $59.00 and gave the stock an “outperform” rating in a research note on Thursday, February 14th. Morgan Stanley raised their price target on shares of Yelp from $29.00 to $31.00 and gave the stock an “underweight” rating in a research note on Thursday, February 14th. Finally, SunTrust Banks reaffirmed a “hold” rating on shares of Yelp in a research note on Monday, December 10th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $39.52.

Shares of YELP stock opened at $35.68 on Monday. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 79.29, a P/E/G ratio of 2.75 and a beta of 0.91. Yelp has a 52 week low of $29.33 and a 52 week high of $52.50.

In related news, insider Alan Ramsay sold 19,774 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $38.27, for a total value of $756,750.98. Following the sale, the insider now directly owns 33,750 shares in the company, valued at $1,291,612.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Geoffrey L. Donaker sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 15th. The shares were sold at an average price of $34.58, for a total value of $69,160.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,030 shares of company stock worth $1,359,492. Company insiders own 9.00% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc lifted its stake in Yelp by 0.6% in the third quarter. Vanguard Group Inc now owns 6,889,974 shares of the local business review company’s stock valued at $338,987,000 after buying an additional 42,759 shares during the period. Janus Henderson Group PLC grew its holdings in Yelp by 31.3% during the third quarter. Janus Henderson Group PLC now owns 6,910 shares of the local business review company’s stock worth $340,000 after buying an additional 1,646 shares in the last quarter. Macquarie Group Ltd. grew its holdings in Yelp by 15.3% during the third quarter. Macquarie Group Ltd. now owns 1,274,593 shares of the local business review company’s stock worth $62,710,000 after buying an additional 168,930 shares in the last quarter. Retirement Systems of Alabama bought a new position in Yelp in the 4th quarter valued at $8,297,000. Finally, Verition Fund Management LLC grew its stake in Yelp by 149.7% in the 3rd quarter. Verition Fund Management LLC now owns 35,934 shares of the local business review company’s stock valued at $1,768,000 after purchasing an additional 21,545 shares during the period. Institutional investors and hedge funds own 96.61% of the company’s stock.

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.

Read More: How a Put Option Works

Get a free copy of the Zacks research report on Yelp (YELP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Yelp (NYSE:YELP)

Receive News & Ratings for Yelp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yelp and related companies with MarketBeat.com's FREE daily email newsletter.