Back to top

Yelp Posts Quarterly Loss, Tops Q1 Revenue Estimate

Read MoreHide Full Article

Yelp Inc. (YELP - Free Report) just released its first quarter financial results, posting a loss of $0.03 per share and revenues of $223.07 million.

Yelp is currently a Zacks Rank #3 (Hold), which is subject to change based on today’s results. Shares of Yelp have skyrocketed 69% over the last year and are up roughly 9.7% in the last four weeks. However, the online local business information company’s shares dipped 0.56% on Thursday to hit $47.65 per share prior to the release of its quarterly earnings results.

Yelp stock is currently down 3.92% to $45.88 per share in after-hours trading shortly after its earnings report was released.


Beat earnings estimates. The company posted a loss of $0.03 per share, which appears not to be comparable to the Zacks Consensus Estimate that called for earnings of $0.16 per share. Meanwhile, Yelp’s quarterly loss came in better than Factset’s, which called for a loss of $0.05 per share.

Beat revenue estimates. The company saw revenue figures of $223.07 million, topping our consensus estimate of $220.14 million.

Yelp saw its revenues climb roughly 13% from $197.32 million in the year-ago period. “We had a great start to 2018, accelerating advertising revenue growth and attracting a record number of new advertisers in the first quarter,” CEO Jeremy Stoppelman said in a statement.

Looking ahead, Yelp expects to post full year revenue in the range of $943 to $967 million, which falls in line with our current estimate of $953.35 million.

Here’s a graph that looks at YELP’s Price, Consensus and EPS Surprise history:

Yelp Inc. Price, Consensus and EPS Surprise

Yelp Inc. Price, Consensus and EPS Surprise | Yelp Inc. Quote

Check back later for our full analysis on YELP’s earnings report!

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

Yelp Inc. (YELP) - free report >>

More from Zacks Stocks in the News

You May Like