In its upcoming report, Yelp (YELP) is predicted by Wall Street analysts to post quarterly earnings of $0.48 per share, reflecting a decline of 11.1% compared to the same period last year. Revenues are forecasted to be $364.77 million, representing a year-over-year increase of 2.2%.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
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 use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific Yelp metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts expect 'Net revenue- Advertising' to come in at $348.14 million. The estimate indicates a year-over-year change of +2%.
It is projected by analysts that the 'Net revenue- Other services' will reach $16.63 million. The estimate indicates a change of +6.1% from the prior-year quarter.
Based on the collective assessment of analysts, 'Net revenue- Advertising revenue- Services' should arrive at $239.85 million. The estimate indicates a change of +7.6% from the prior-year quarter.
Analysts predict that the 'Net revenue- Advertising revenue- Restaurants, Retail & Other' will reach $108.04 million. The estimate suggests a change of -8.7% year over year.
Analysts' assessment points toward 'Paying Advertising Locations' reaching 514.75 thousand. Compared to the current estimate, the company reported 531.00 thousand in the same quarter of the previous year.
The consensus among analysts is that 'Paying Advertising Locations - Restaurants, Retail & Other' will reach 251.00 thousand. Compared to the present estimate, the company reported 277.00 thousand in the same quarter last year.
Analysts forecast 'Paying Advertising Locations - Services' to reach 263.33 thousand. Compared to the current estimate, the company reported 254.00 thousand in the same quarter of the previous year.
View all Key Company Metrics for Yelp here>>>
Over the past month, Yelp shares have recorded returns of -1.9% versus the Zacks S&P 500 composite's +1% change. Based on its Zacks Rank #2 (Buy), YELP will likely outperform 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 ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
