Yelp Inc. (NYSE: YELP) is set to report its most recent quarterly results after the markets close on Thursday. The consensus estimates are a net loss of $0.04 per share and $220.14 million in revenue. The first quarter of last year had a net loss of $0.06 per share on $197.32 million in revenue.
In its previous earnings report, management noted that the firm finished 2017 strong with rising growth in new advertiser acquisition and continued improvements in revenue retention from the prior year. Management said that it is focused on increasing consumer usage through deepening product experience in the Restaurants category and attracting advertisers through expanding sales channels and increased ad product flexibility in 2018.
In terms of the numbers for its most recent quarter, Advertising segment revenue totaled $208.4 million, representing 18% growth year over year. Transactions revenue totaled $5.2 million, compared to $16.6 million last year. The decline was due to the sale of Eat24, which had generated a significant portion of the segment’s revenue.
Over the past 52 weeks, Yelp has outperformed the broad markets, with its stock up about 38%. In just 2018 alone, the stock is up only 14%.
Prior to the release of the earnings report, a few analysts weighed in on Yelp:
- KeyCorp has a Buy rating with a $54 price target.
- Merrill Lynch has a Buy rating and a $52 price target.
- Morgan Stanley has an Equal Weight rating with a $40 target.
- Credit Suisse has a Buy rating with a $50 price target.
- Barclays has an Equal Weight rating with a $44 target price.
- SunTrust Banks has a Buy rating with a $50 price target.
Shares of Yelp were last seen at $47.96, with a consensus analyst price target of $47.30 and a 52-week range of $27.11 to $48.40.
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.