Yelp (YELP) Set to Announce Earnings on Thursday

Yelp (NYSE:YELP - Get Free Report) is set to issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.40 per share for the quarter. Yelp has set its FY 2024 guidance at EPS.Parties interested in registering for the company's conference call can do so using this link.

Yelp (NYSE:YELP - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The local business review company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.27. The company had revenue of $357.00 million during the quarter, compared to analyst estimates of $352.98 million. Yelp had a net margin of 10.01% and a return on equity of 18.71%. The business's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 EPS. On average, analysts expect Yelp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Yelp Stock Performance

Shares of NYSE:YELP traded down $0.37 during trading on Thursday, reaching $34.14. The company had a trading volume of 629,827 shares, compared to its average volume of 718,054. The firm's fifty day moving average is $34.23 and its 200 day moving average is $35.95. The firm has a market capitalization of $2.28 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 0.77 and a beta of 1.33. Yelp has a twelve month low of $32.56 and a twelve month high of $48.99.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of Yelp from a "strong-buy" rating to a "buy" rating in a report on Monday, August 12th. Morgan Stanley boosted their price target on shares of Yelp from $32.00 to $34.00 and gave the company an "underweight" rating in a report on Tuesday, July 23rd. Bank of America assumed coverage on shares of Yelp in a research note on Monday, September 16th. They issued an "underperform" rating and a $30.00 price objective on the stock. The Goldman Sachs Group lowered shares of Yelp from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $46.00 to $38.00 in a research note on Monday, October 14th. Finally, Wolfe Research assumed coverage on shares of Yelp in a research note on Tuesday, July 16th. They issued a "peer perform" rating on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $37.33.

Insiders Place Their Bets

In other Yelp news, COO Joseph R. Nachman sold 7,000 shares of the business's stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $34.02, for a total value of $238,140.00. Following the completion of the sale, the chief operating officer now directly owns 255,558 shares of the company's stock, valued at $8,694,083.16. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CTO Sam Eaton sold 10,776 shares of the company's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $35.00, for a total transaction of $377,160.00. Following the completion of the sale, the chief technology officer now directly owns 145,171 shares of the company's stock, valued at approximately $5,080,985. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Joseph R. Nachman sold 7,000 shares of the company's stock in a transaction on Friday, October 4th. The stock was sold at an average price of $34.02, for a total transaction of $238,140.00. Following the sale, the chief operating officer now directly owns 255,558 shares of the company's stock, valued at approximately $8,694,083.16. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,776 shares of company stock valued at $848,050 over the last ninety days. Corporate insiders own 7.40% of the company's stock.

Yelp Company Profile

Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services.