In its upcoming report, Yelp (YELP) is predicted by Wall Street analysts to post quarterly earnings of $0.31 per share, reflecting an increase of 55% compared to the same period last year. Revenues are forecasted to be $352.02 million, representing a year-over-year increase of 5.8%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 2.8% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Yelp metrics that are commonly tracked and projected by analysts on Wall Street.
It is projected by analysts that the 'Net revenue- Advertising' will reach $335.97 million. The estimate points to a change of +5.8% from the year-ago quarter.
Analysts forecast 'Net revenue- Other services' to reach $16.12 million. The estimate indicates a change of +6.6% from the prior-year quarter.
Analysts expect 'Net revenue- Advertising revenue- Services' to come in at $219.77 million. The estimate indicates a change of +8.1% from the prior-year quarter.
Analysts' assessment points toward 'Net revenue- Advertising revenue- Restaurants, Retail & Other' reaching $115.50 million. The estimate indicates a change of +1% from the prior-year quarter.
The consensus among analysts is that 'Paying Advertising Locations' will reach 521.75 thousand. Compared to the current estimate, the company reported 530 thousand in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Paying Advertising Locations - Restaurants, Retail & Other' of 264 thousand. Compared to the present estimate, the company reported 278 thousand in the same quarter last year.
The combined assessment of analysts suggests that 'Paying Advertising Locations - Services' will likely reach 256.67 thousand. Compared to the present estimate, the company reported 252 thousand in the same quarter last year.
View all Key Company Metrics for Yelp here>>>
Over the past month, Yelp shares have recorded returns of -1.4% versus the Zacks S&P 500 composite's +0.4% change. Based on its Zacks Rank #3 (Hold), YELP will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Yelp Inc. (YELP) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.