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

Yelp

02/11/2023 21:53

* Yelp Inc  YELP.N  reported quarterly adjusted earnings of
79
cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of 13 cents.  The mean expectation of ten analysts for the
quarter was for earnings of 35 cents per share. Wall Street
expected results to range from 31 cents to 45 cents per share.
    * Revenue rose 11.7% to $345.12 million from a year ago;
analysts
expected $341.04 million. 
    * Yelp Inc's reported EPS for the quarter was 79 cents​.
    * The company reported quarterly net income of $58.22
million.
    * Yelp Inc shares had risen by 0.5% this quarter and
gained 52.8%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 2 "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
$44.25 
This summary was machine generated from LSEG data November 2 at
09:53 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.35           0.79           Beat
 Jun. 30 2023      0.15           0.21           Beat
 Mar. 31 2023      -0.05          -0.02          Beat
 Dec. 31 2022      0.35           0.28           Missed