Brokerages expect Yelp Inc (NYSE:YELP) to announce sales of $236.88 million for the current fiscal quarter, Zacks Investment Research reports. Fourteen analysts have provided estimates for Yelp’s earnings, with the lowest sales estimate coming in at $234.00 million and the highest estimate coming in at $244.70 million. Yelp posted sales of $223.07 million in the same quarter last year, which would indicate a positive year over year growth rate of 6.2%. The company is expected to issue its next quarterly earnings report on Thursday, May 9th.

According to Zacks, analysts expect that Yelp will report full-year sales of $1.03 billion for the current fiscal year, with estimates ranging from $1.01 billion to $1.04 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.15 billion, with estimates ranging from $1.11 billion to $1.18 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Yelp.

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

A number of brokerages recently weighed in on YELP. ValuEngine downgraded shares of Yelp from a “hold” rating to a “sell” rating in a research note on Thursday, March 7th. Zacks Investment Research lowered shares of Yelp from a “buy” rating to a “hold” rating in a report on Monday, February 18th. B. Riley upped their price objective on shares of Yelp from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, February 14th. Morgan Stanley upped their price objective on shares of Yelp from $29.00 to $31.00 and gave the stock an “underweight” rating in a report on Thursday, February 14th. Finally, DA Davidson upped their price objective on shares of Yelp to $48.00 and gave the stock a “buy” rating in a report on Thursday, February 14th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $39.52.

In related news, insider Alan Ramsay sold 19,774 shares of the stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $38.27, for a total transaction of $756,750.98. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Geoffrey L. Donaker sold 2,000 shares of the stock in a transaction dated Tuesday, December 18th. The shares were sold at an average price of $34.23, for a total transaction of $68,460.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,030 shares of company stock valued at $1,561,332. 9.00% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its position in Yelp by 39.8% during 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 purchasing an additional 3,088,064 shares during the last quarter. Vanguard Group Inc. grew its position in Yelp by 0.6% during 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 purchasing an additional 42,759 shares during the last quarter. Vanguard Group Inc grew its position in Yelp by 0.6% during 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 purchasing an additional 42,759 shares during the last quarter. Prescott General Partners LLC grew its position in Yelp by 8.0% during 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 purchasing an additional 440,950 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its position in Yelp by 9.4% during 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 purchasing an additional 288,790 shares during the last quarter. 94.35% of the stock is currently owned by institutional investors.

NYSE YELP traded up $0.27 during mid-day trading on Monday, reaching $34.82. 63,541 shares of the stock were exchanged, 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 company has a market capitalization of $2.87 billion, a PE ratio of 77.38, 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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