Yelp Inc reports results for the quarter ended in December - Earnings Summary

Yelp

15/02/2024 23:16

* Yelp Inc  YELP.N  reported quarterly adjusted earnings of
37
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 28
cents.  The mean expectation of nine analysts for the quarter
was for earnings of 37 cents per share. Wall Street expected
results to range from 33 cents to 42 cents per share.
    * Revenue rose 10.8% to $342.38 million from a year ago;
analysts
expected $341.82 million. 
    * Yelp Inc's reported EPS for the quarter was 37 cents​.
    * The company reported quarterly net income of $27.41
million.
    * Yelp Inc shares had fallen by 7.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "hold"

Wall Street's median 12-month price target for Yelp Inc is
$50.00 
This summary was machine generated from LSEG data February 15 at
11:16 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.37           0.37           Met
 Sep. 30 2023      0.35           0.79           Beat
 Jun. 30 2023      0.15           0.21           Beat
 Mar. 31 2023      -0.05          -0.02          Beat