Analysts expect that Yelp Inc (NYSE:YELP) will announce $262.77 million in sales for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have issued estimates for Yelp’s earnings. The highest sales estimate is $264.00 million and the lowest is $260.31 million. Yelp reported sales of $241.10 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 9%. The company is expected to report its next earnings results on Thursday, November 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 $1.02 billion to $1.03 billion. For the next year, analysts anticipate that the company 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 cover Yelp.
Yelp (NYSE:YELP) last released its earnings results on Thursday, August 8th. The local business review company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. Yelp had a return on equity of 4.62% and a net margin of 6.26%. The business had revenue of $246.96 million for the quarter, compared to analyst estimates of $247.63 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. Yelp’s revenue was up 5.1% on a year-over-year basis.
Several research firms recently issued reports on YELP. Evercore ISI set a $38.00 target price on Yelp and gave the stock a “hold” rating in a report on Friday, August 9th. SunTrust Banks set a $37.00 target price on Yelp and gave the stock a “hold” rating in a report on Friday, May 10th. ValuEngine upgraded Yelp from a “sell” rating to a “hold” rating in a report on Thursday, June 27th. Stifel Nicolaus reiterated a “hold” rating and set a $38.00 target price on shares of Yelp in a report on Friday, August 9th. Finally, DA Davidson restated a “buy” rating on shares of Yelp in a research note on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have issued a buy rating to the company. Yelp has an average rating of “Hold” and an average price target of $37.74.
A number of large investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. grew its position in shares of Yelp by 39.3% in the first quarter. Victory Capital Management Inc. now owns 1,472,420 shares of the local business review company’s stock valued at $50,798,000 after purchasing an additional 415,525 shares during the last quarter. Aurora Investment Counsel grew its position in shares of Yelp by 4.5% in the second quarter. Aurora Investment Counsel now owns 63,521 shares of the local business review company’s stock valued at $2,226,000 after purchasing an additional 2,748 shares during the last quarter. Algert Global LLC acquired a new position in shares of Yelp in the first quarter valued at approximately $394,000. Lombard Odier Asset Management USA Corp acquired a new position in shares of Yelp in the first quarter valued at approximately $1,898,000. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of Yelp in the second quarter valued at approximately $293,000. Hedge funds and other institutional investors own 96.18% of the company’s stock.
YELP traded down $1.12 on Friday, hitting $31.77. 1,007,020 shares of the company were exchanged, compared to its average volume of 1,801,705. Yelp has a 12 month low of $29.33 and a 12 month high of $52.50. The company has a market cap of $2.34 billion, a PE ratio of 70.60, a PEG ratio of 1.94 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.91 and a current ratio of 3.91. The stock’s fifty day moving average is $34.74 and its 200-day moving average is $35.12.
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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