We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Strength Seen in Yelp (YELP): Can Its 11.8% Jump Turn into More Strength?
Read MoreHide Full Article
Yelp (YELP - Free Report) shares rallied 11.8% in the last trading session to close at $33.83. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.1% loss over the past four weeks.
The optimism surrounding the stock can be attributed to Yelp’s focus on AI-driven innovations like Yelp Assistant, Yelp Host, and Yelp Receptionist. Rising demand in the Services category, particularly in Home and Auto Services, continues to drive advertising revenue growth. Yelp’s strategic acquisition of RepairPal enhances its automotive offerings, while partnerships and data licensing expand monetization opportunities beyond its core platform.
This online business reviews company is expected to post quarterly earnings of $0.47 per share in its upcoming report, which represents a year-over-year change of -16.1%. Revenues are expected to be $367.88 million, up 2.1% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Yelp, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on YELP going forward to see if this recent jump can turn into more strength down the road.
Yelp is a member of the Zacks Internet - Content industry. One other stock in the same industry, DHI Group (DHX - Free Report) , finished the last trading session 0.9% lower at $2.13. DHX has returned -26.9% over the past month.
For DHI Group, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.06. This represents a change of +20% from what the company reported a year ago. DHI Group currently has a Zacks Rank of #3 (Hold).
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Strength Seen in Yelp (YELP): Can Its 11.8% Jump Turn into More Strength?
Yelp (YELP - Free Report) shares rallied 11.8% in the last trading session to close at $33.83. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.1% loss over the past four weeks.
The optimism surrounding the stock can be attributed to Yelp’s focus on AI-driven innovations like Yelp Assistant, Yelp Host, and Yelp Receptionist. Rising demand in the Services category, particularly in Home and Auto Services, continues to drive advertising revenue growth. Yelp’s strategic acquisition of RepairPal enhances its automotive offerings, while partnerships and data licensing expand monetization opportunities beyond its core platform.
This online business reviews company is expected to post quarterly earnings of $0.47 per share in its upcoming report, which represents a year-over-year change of -16.1%. Revenues are expected to be $367.88 million, up 2.1% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Yelp, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on YELP going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Yelp is a member of the Zacks Internet - Content industry. One other stock in the same industry, DHI Group (DHX - Free Report) , finished the last trading session 0.9% lower at $2.13. DHX has returned -26.9% over the past month.
For DHI Group, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.06. This represents a change of +20% from what the company reported a year ago. DHI Group currently has a Zacks Rank of #3 (Hold).