Yelp (NYSE:YELP – Get Free Report) is scheduled to announce 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.Persons interested in listening to the company’s earnings conference call can do so using this link.
Yelp (NYSE:YELP – Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The local business review company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.27. The firm had revenue of $357.00 million during the quarter, compared to the consensus estimate of $352.98 million. Yelp had a net margin of 10.01% and a return on equity of 18.71%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 earnings per share. 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
Shares of 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 company has a market cap of $2.30 billion, a PE ratio of 18.08, a P/E/G ratio of 0.78 and a beta of 1.33. The stock has a 50-day moving average of $34.20 and a 200-day moving average of $35.81.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on Yelp
Insiders Place Their Bets
In other news, COO Joseph R. Nachman sold 7,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief operating officer now owns 255,558 shares in the company, valued at $8,694,083.16. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, COO Joseph R. Nachman sold 7,000 shares of Yelp stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $34.02, for a total value of $238,140.00. Following the completion of the sale, the chief operating officer now owns 255,558 shares of the company’s stock, valued at approximately $8,694,083.16. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Sam Eaton sold 10,776 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $35.00, for a total transaction of $377,160.00. Following the sale, the chief technology officer now directly owns 145,171 shares in the company, valued at approximately $5,080,985. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.40% of the company’s stock.
About Yelp
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.
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