$247.86 Million in Sales Expected for Yelp Inc (NYSE:YELP) This Quarter

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Analysts expect Yelp Inc (NYSE:YELP) to report sales of $247.86 million for the current quarter, Zacks Investment Research reports. Fourteen analysts have provided estimates for Yelp’s earnings. The highest sales estimate is $250.05 million and the lowest is $246.30 million. Yelp posted sales of $234.86 million in the same quarter last year, which suggests a positive year-over-year growth rate of 5.5%. The business is expected to issue its next quarterly earnings report on Wednesday, August 14th.

According to Zacks, analysts expect that Yelp will report full-year sales of $1.02 billion for the current fiscal year, with estimates ranging from $1.00 billion to $1.03 billion. For the next year, analysts anticipate that the firm will post sales of $1.14 billion, with estimates ranging from $1.08 billion to $1.17 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Yelp.

Yelp (NYSE:YELP) last announced its earnings results on Thursday, May 9th. The local business review company reported $0.02 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.02. Yelp had a return on equity of 4.09% and a net margin of 6.17%. The company had revenue of $235.94 million for the quarter, compared to analyst estimates of $234.96 million. During the same period in the prior year, the company posted ($0.03) EPS. Yelp’s quarterly revenue was up 5.8% on a year-over-year basis.

A number of equities analysts have issued reports on the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $38.00 target price on shares of Yelp in a research report on Friday, May 10th. ValuEngine lowered Yelp from a “hold” rating to a “sell” rating in a research report on Thursday, March 7th. Zacks Investment Research lowered Yelp from a “buy” rating to a “hold” rating in a research report on Monday, February 18th. B. Riley lowered Yelp from a “buy” rating to a “neutral” rating and cut their target price for the company from $50.00 to $42.00 in a research report on Friday, May 10th. Finally, BMO Capital Markets assumed coverage on Yelp in a research report on Wednesday, April 17th. They issued an “outperform” rating on the stock. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $39.42.

Shares of YELP traded up $0.37 during trading on Monday, reaching $32.35. The company’s stock had a trading volume of 10,910 shares, compared to its average volume of 1,589,526. Yelp has a twelve month low of $29.33 and a twelve month high of $52.50. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 71.60, a PEG ratio of 1.89 and a beta of 1.12. The company has a quick ratio of 5.93, a current ratio of 5.93 and a debt-to-equity ratio of 0.21.

Several hedge funds and other institutional investors have recently modified their holdings of YELP. Oregon Public Employees Retirement Fund bought a new stake in shares of Yelp in the 4th quarter valued at approximately $31,000. Ladenburg Thalmann Financial Services Inc. grew its stake in Yelp by 38.8% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,409 shares of the local business review company’s stock worth $48,000 after buying an additional 394 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Yelp by 271.2% during the 4th 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 last quarter. Fort L.P. bought a new position in Yelp during the 1st quarter worth $106,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Yelp by 14.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,329 shares of the local business review company’s stock worth $186,000 after buying an additional 658 shares during the last quarter. Institutional investors and hedge funds own 95.40% of the company’s stock.

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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Earnings History and Estimates for Yelp (NYSE:YELP)

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