Wall Street brokerages forecast that Yelp Inc (NYSE:YELP) will post $247.79 million in sales for the current fiscal quarter, Zacks Investment Research reports. Thirteen analysts have provided estimates for Yelp’s earnings, with estimates ranging from $246.30 million to $250.05 million. Yelp reported sales of $234.86 million during the same quarter last year, which indicates a positive year-over-year growth rate of 5.5%. The company is expected to issue its next earnings report on Wednesday, August 14th.

On average, 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 year, analysts expect that the firm will report sales of $1.14 billion, with estimates ranging from $1.08 billion to $1.17 billion. Zacks’ sales averages are an average based on a survey of research firms that follow Yelp.

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

A number of equities research analysts have weighed in on YELP shares. ValuEngine lowered shares of Yelp from a “hold” rating to a “sell” rating in a report on Friday, May 10th. BMO Capital Markets started coverage on shares of Yelp in a report on Wednesday, April 17th. They set an “outperform” rating on the stock. Zacks Investment Research lowered shares of Yelp from a “buy” rating to a “hold” rating in a report on Monday, February 18th. SunTrust Banks set a $37.00 target price on shares of Yelp and gave the stock a “hold” rating in a report on Friday, May 10th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $38.00 target price on shares of Yelp in a report on Friday, May 10th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $39.42.

Shares of Yelp stock traded down $0.55 during midday trading on Friday, hitting $31.62. 59,400 shares of the company traded hands, compared to its average volume of 2,220,333. The firm has a market capitalization of $2.49 billion, a PE ratio of 70.13, a price-to-earnings-growth ratio of 1.91 and a beta of 0.97. The company has a current ratio of 5.93, a quick ratio of 5.93 and a debt-to-equity ratio of 0.21. Yelp has a 12 month low of $29.33 and a 12 month high of $52.50.

In other news, Director Geoffrey L. Donaker sold 2,000 shares of the company’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $38.35, for a total value of $76,700.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 9.00% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in Yelp by 0.4% during the first quarter. BlackRock Inc. now owns 10,890,223 shares of the local business review company’s stock worth $375,714,000 after buying an additional 41,724 shares during the last quarter. Prescott General Partners LLC raised its holdings in shares of Yelp by 8.0% in the fourth 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 purchasing an additional 440,950 shares during the last quarter. SQN Investors LP raised its holdings in shares of Yelp by 43.3% in the fourth quarter. SQN Investors LP now owns 3,337,931 shares of the local business review company’s stock valued at $116,794,000 after purchasing an additional 1,008,338 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Yelp by 6.7% in the fourth quarter. Fisher Asset Management LLC now owns 3,148,840 shares of the local business review company’s stock valued at $110,178,000 after purchasing an additional 197,640 shares during the last quarter. Finally, Jackson Square Partners LLC raised its holdings in shares of Yelp by 7.2% in the first quarter. Jackson Square Partners LLC now owns 2,289,877 shares of the local business review company’s stock valued at $79,000,000 after purchasing an additional 153,257 shares during the last quarter. Hedge funds and other institutional investors own 93.33% 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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Earnings History and Estimates for Yelp (NYSE:YELP)

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