Wall Street brokerages predict that Yelp Inc (NYSE:YELP) will report earnings per share (EPS) of $0.02 for the current fiscal quarter, according to Zacks. 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 per share of $0.30 during the same quarter last year, which indicates a negative year over year growth rate of 93.3%. The business is expected to issue its next earnings results on Thursday, May 9th.

According to Zacks, analysts expect that Yelp will report full year earnings of $0.75 per share for the current financial year, with EPS estimates ranging from $0.51 to $1.11. For the next financial year, analysts expect that the company will report earnings of $1.11 per share, with EPS estimates ranging from $0.82 to $1.47. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Yelp.

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

Several research analysts recently weighed in on the company. ValuEngine cut Yelp from a “hold” rating to a “sell” rating in a research note on Thursday, March 7th. Zacks Investment Research cut Yelp from a “buy” rating to a “hold” rating in a research note on Monday, February 18th. B. Riley raised their target price on Yelp from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, February 14th. Morgan Stanley raised their target price on Yelp from $29.00 to $31.00 and gave the company an “underweight” rating in a research note on Thursday, February 14th. Finally, DA Davidson raised their target price on Yelp to $48.00 and gave the company a “buy” rating in a research note on Thursday, February 14th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $39.52.

In related news, insider Alan Ramsay sold 19,774 shares of the firm’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 transaction, the insider now directly owns 33,750 shares of the company’s stock, valued at approximately $1,291,612.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Geoffrey L. Donaker sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 26th. The shares were sold at an average price of $32.50, for a total value of $65,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 42,030 shares of company stock valued at $1,561,332 over the last ninety days. Company insiders own 9.00% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of Yelp by 39.8% in the 4th quarter. BlackRock Inc. now owns 10,848,499 shares of the local business review company’s stock valued at $379,588,000 after acquiring an additional 3,088,064 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Yelp by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 6,889,974 shares of the local business review company’s stock valued at $338,987,000 after acquiring an additional 42,759 shares in the last quarter. Vanguard Group Inc raised its stake in shares of Yelp by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 6,889,974 shares of the local business review company’s stock valued at $338,987,000 after acquiring an additional 42,759 shares in the last quarter. Prescott General Partners LLC raised its stake in shares of Yelp by 8.0% in the 4th quarter. Prescott General Partners LLC now owns 5,943,732 shares of the local business review company’s stock valued at $207,971,000 after acquiring an additional 440,950 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its stake in shares of Yelp by 9.4% in the 3rd quarter. Allianz Asset Management GmbH now owns 3,345,227 shares of the local business review company’s stock valued at $164,585,000 after acquiring an additional 288,790 shares in the last quarter. 94.35% of the stock is currently owned by institutional investors and hedge funds.

YELP stock traded up $0.19 during trading hours on Friday, hitting $34.74. 1,210,999 shares of the stock traded hands, compared to its average volume of 2,477,240. Yelp has a one year low of $29.33 and a one year high of $52.50. The stock has a market capitalization of $2.87 billion, a P/E ratio of 77.20, a P/E/G ratio of 2.70 and a beta of 0.93.

Yelp Company Profile

Yelp Inc operates a platform that connects people 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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