Brokerages predict that Yelp Inc (NYSE:YELP) will announce $247.92 million in sales for the current quarter, Zacks Investment Research reports. Thirteen analysts have made estimates for Yelp’s earnings, with the highest sales estimate coming in at $250.05 million and the lowest estimate coming in at $246.30 million. Yelp posted sales of $234.86 million in the same quarter last year, which would suggest a positive year over year growth rate of 5.6%. The company is expected to announce its next earnings results after the market closes on Thursday, August 8th.
According to Zacks, analysts expect that Yelp will report full-year sales of $1.02 billion for the current financial year, with estimates ranging from $1.00 billion to $1.03 billion. For the next financial year, analysts expect that the business will post sales of $1.14 billion, with estimates ranging from $1.09 billion to $1.17 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Yelp.
Yelp (NYSE:YELP) last released its quarterly earnings results on Thursday, May 9th. The local business review company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The company had revenue of $235.94 million during the quarter, compared to analysts’ expectations of $234.96 million. Yelp had a return on equity of 4.09% and a net margin of 6.17%. Yelp’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.03) EPS.
A number of institutional investors have recently modified their holdings of the stock. NJ State Employees Deferred Compensation Plan boosted its position in shares of Yelp by 5.9% during the first quarter. NJ State Employees Deferred Compensation Plan now owns 18,000 shares of the local business review company’s stock worth $621,000 after buying an additional 1,000 shares during the period. Texas Permanent School Fund boosted its position in shares of Yelp by 2.4% during the first quarter. Texas Permanent School Fund now owns 51,238 shares of the local business review company’s stock worth $1,768,000 after buying an additional 1,218 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of Yelp by 3.3% during the first quarter. Great West Life Assurance Co. Can now owns 46,884 shares of the local business review company’s stock worth $1,616,000 after buying an additional 1,486 shares during the period. Ingalls & Snyder LLC boosted its position in shares of Yelp by 1.1% during the first quarter. Ingalls & Snyder LLC now owns 139,432 shares of the local business review company’s stock worth $4,810,000 after buying an additional 1,542 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of Yelp by 271.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,227 shares of the local business review company’s stock worth $78,000 after buying an additional 1,627 shares during the period. Institutional investors own 99.58% of the company’s stock.
NYSE YELP traded up $0.41 during trading hours on Friday, reaching $35.34. The company’s stock had a trading volume of 853,845 shares, compared to its average volume of 1,617,742. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 78.22, a price-to-earnings-growth ratio of 2.11 and a beta of 1.13. Yelp has a 1-year low of $29.33 and a 1-year high of $52.50. The company has a debt-to-equity ratio of 0.21, a current ratio of 5.93 and a quick ratio of 5.93. The firm has a 50-day moving average price of $34.32.
Yelp Company Profile
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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