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Yelp Posts Earnings and Revenue Beats, Stock Slumps on Weak Guidance
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Yelp Inc. (YELP - Free Report) just released its fourth-quarter fiscal 2016 earnings results, posting adjusted earnings of $0.13 per share and revenue of $194.8 million.
YELP was down 7.95% to $38.19 in after-hours trading shortly after its earnings report was released.
Currently, YELP has a Zacks Rank #2 (Buy), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Yelp Inc:
Beat earnings estimates. The company posted earnings of 13 cents per share (excluding 3 cents from non-recurring items), beating our Zacks Consensus Estimate of 3 cents.
Beat revenue estimates. The company saw revenue figures of $194.8 million, edging out our estimate of $194.29 million.
The company said that cumulative reviews grew 27% year over year to approximately 121 million and transactions revenue totaled $16.6 million, representing 19% year-over-year growth.
For the first quarter of 2017, the company expects net revenue to be in the range of $195 million to $199 million, which is well below our current consensus estimate of $204.44 million.
“We had an outstanding year, growing local revenue by 39%,” said CEO Jeremy Stoppelman. “I am extremely proud of how Yelp has become deeply integrated into consumers’ daily habits and increasingly essential to local business owners.
Here’s a graph that looks at Yelp’s recent earnings performance:
Yelp, Inc. is a website engaged in providing information through online community offering social networking. It covers restaurants, shopping, nightlife, financial services, health and a variety of services.
Check back later for our full analysis on Yelp’s latest report!
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Yelp Posts Earnings and Revenue Beats, Stock Slumps on Weak Guidance
Yelp Inc. (YELP - Free Report) just released its fourth-quarter fiscal 2016 earnings results, posting adjusted earnings of $0.13 per share and revenue of $194.8 million.
YELP was down 7.95% to $38.19 in after-hours trading shortly after its earnings report was released.
Currently, YELP has a Zacks Rank #2 (Buy), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Yelp Inc:
Beat earnings estimates. The company posted earnings of 13 cents per share (excluding 3 cents from non-recurring items), beating our Zacks Consensus Estimate of 3 cents.
Beat revenue estimates. The company saw revenue figures of $194.8 million, edging out our estimate of $194.29 million.
The company said that cumulative reviews grew 27% year over year to approximately 121 million and transactions revenue totaled $16.6 million, representing 19% year-over-year growth.
For the first quarter of 2017, the company expects net revenue to be in the range of $195 million to $199 million, which is well below our current consensus estimate of $204.44 million.
“We had an outstanding year, growing local revenue by 39%,” said CEO Jeremy Stoppelman. “I am extremely proud of how Yelp has become deeply integrated into consumers’ daily habits and increasingly essential to local business owners.
Here’s a graph that looks at Yelp’s recent earnings performance:
Yelp Inc. Price, Consensus and EPS Surprise
Yelp Inc. Price, Consensus and EPS Surprise | Yelp Inc. Quote
Yelp, Inc. is a website engaged in providing information through online community offering social networking. It covers restaurants, shopping, nightlife, financial services, health and a variety of services.
Check back later for our full analysis on Yelp’s latest report!
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>