Brokerages Expect Yelp Inc (NYSE:YELP) to Post -$0.11 Earnings Per Share

Equities research analysts forecast that Yelp Inc (NYSE:YELP) will post ($0.11) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Yelp’s earnings. The lowest EPS estimate is ($0.24) and the highest is ($0.04). Yelp posted earnings per share of $0.16 in the same quarter last year, which suggests a negative year over year growth rate of 168.8%. The company is expected to issue its next earnings results on Thursday, August 13th.

According to Zacks, analysts expect that Yelp will report full-year earnings of ($0.81) per share for the current financial year, with EPS estimates ranging from ($1.20) to ($0.43). For the next year, analysts expect that the firm will report earnings of $0.09 per share, with EPS estimates ranging from ($0.31) to $0.45. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Yelp.

Yelp (NYSE:YELP) last posted its earnings results on Thursday, May 7th. The local business review company reported ($0.22) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.13). Yelp had a return on equity of 3.24% and a net margin of 2.34%. The business had revenue of $249.00 million for the quarter, compared to the consensus estimate of $226.38 million. During the same period in the previous year, the firm earned $0.02 earnings per share. The company’s revenue was up 5.6% compared to the same quarter last year.

A number of research firms have weighed in on YELP. Oppenheimer reissued a “hold” rating on shares of Yelp in a report on Wednesday, May 13th. Royal Bank of Canada boosted their target price on shares of Yelp from $22.00 to $25.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. UBS Group dropped their price target on shares of Yelp from $17.00 to $15.00 and set a “sell” rating on the stock in a research report on Tuesday, April 21st. Needham & Company LLC restated a “hold” rating on shares of Yelp in a research report on Friday, May 8th. Finally, Morgan Stanley dropped their price target on shares of Yelp from $31.00 to $15.00 and set an “underweight” rating on the stock in a research report on Monday, March 30th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company’s stock. Yelp currently has an average rating of “Hold” and a consensus price target of $28.38.

YELP traded up $0.06 during trading on Tuesday, reaching $21.47. 2,786,400 shares of the company’s stock were exchanged, compared to its average volume of 1,384,574. Yelp has a one year low of $12.89 and a one year high of $39.37. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $1.54 billion, a PE ratio of 67.10 and a beta of 1.49. The firm has a fifty day moving average price of $22.75 and a two-hundred day moving average price of $27.12.

In other Yelp news, insider Vivek Patel sold 3,772 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $20.81, for a total transaction of $78,495.32. Following the completion of the sale, the insider now owns 131,244 shares in the company, valued at approximately $2,731,187.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Laurence Wilson sold 1,819 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $23.10, for a total transaction of $42,018.90. Following the sale, the insider now owns 175,892 shares of the company’s stock, valued at approximately $4,063,105.20. The disclosure for this sale can be found here. Insiders have sold a total of 10,126 shares of company stock worth $215,751 in the last quarter. 9.50% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Prescott General Partners LLC grew its stake in shares of Yelp by 14.0% in the 1st quarter. Prescott General Partners LLC now owns 5,651,016 shares of the local business review company’s stock worth $101,888,000 after acquiring an additional 694,990 shares in the last quarter. State Street Corp grew its stake in shares of Yelp by 2.6% in the 1st quarter. State Street Corp now owns 2,175,231 shares of the local business review company’s stock worth $39,219,000 after acquiring an additional 54,788 shares in the last quarter. River Road Asset Management LLC bought a new stake in shares of Yelp in the 4th quarter worth $51,892,000. Tenzing Global Management LLC grew its stake in shares of Yelp by 61.3% in the 1st quarter. Tenzing Global Management LLC now owns 1,250,000 shares of the local business review company’s stock worth $22,538,000 after acquiring an additional 475,000 shares in the last quarter. Finally, Macquarie Group Ltd. grew its stake in shares of Yelp by 14.5% in the 4th quarter. Macquarie Group Ltd. now owns 1,206,195 shares of the local business review company’s stock worth $42,013,000 after acquiring an additional 153,199 shares in the last quarter. Institutional investors and hedge funds own 91.75% 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.

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