Yelp (YELP) to Release Earnings on Thursday

Yelp (NYSE:YELP) is scheduled to be announcing its earnings results 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.Investors that wish to listen to the company’s conference call can do so using this link.

Yelp (NYSE:YELP) last posted its earnings results on Thursday, August 8th. The local business review company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.27. The business had revenue of $357.00 million for the quarter, compared to analysts’ expectations 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 company 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 Price Performance

YELP opened at $34.41 on Tuesday. Yelp has a one year low of $32.56 and a one year high of $48.99. The firm has a market capitalization of $2.30 billion, a P/E ratio of 18.08, a price-to-earnings-growth ratio of 0.78 and a beta of 1.33. The company has a fifty day moving average price of $34.20 and a 200-day moving average price of $35.81.

Insider Transactions at Yelp

In related news, CTO Sam Eaton sold 10,776 shares of the stock in a transaction dated Friday, August 23rd. The stock was 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 in the company, valued at $5,080,985. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Yelp news, CTO Sam Eaton sold 10,776 shares of the 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 owns 145,171 shares of the company’s stock, valued at $5,080,985. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Joseph R. Nachman sold 7,000 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $34.02, for a total transaction of $238,140.00. Following the completion of the transaction, the chief operating officer now owns 255,558 shares in the company, valued at $8,694,083.16. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 7.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on YELP. The Goldman Sachs Group cut Yelp from a “buy” rating to a “neutral” rating and lowered their price target for the company from $46.00 to $38.00 in a report on Monday, October 14th. Wolfe Research started coverage on shares of Yelp in a research report on Tuesday, July 16th. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. cut their target price on shares of Yelp from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Morgan Stanley raised their price target on Yelp from $32.00 to $34.00 and gave the company an “underweight” rating in a research report on Tuesday, July 23rd. Finally, StockNews.com cut Yelp from a “strong-buy” rating to a “buy” rating in a report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $37.33.

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.