* Yelp Inc reported quarterly adjusted earnings of 56 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 79 cents. The mean expectation of ten analysts for the quarter was for earnings of 42 cents per share. Wall Street expected results to range from 35 cents to 46 cents per share.
* Revenue rose 4.4% to $360.34 million from a year ago; analysts expected $360.39 million.
* Yelp Inc's reported EPS for the quarter was 56 cents.
* The company reported quarterly net income of $38.44 million.
* Yelp Inc shares had risen by 4.4% this quarter and lost 22.6% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 3.3% in the last three months.
* In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 9 "hold" and 2 "sell" or "strong sell."
* The average consensus recommendation for the online services peer group is also "hold"
Wall Street's median 12-month price target for Yelp Inc is $37.00 This summary was machine generated from LSEG data November 8 at 04:21 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.42 0.56 Beat
Jun. 30 2024 0.27 0.54 Beat
Mar. 31 2024 0.06 0.20 Beat
Dec. 31 2023 0.37 0.37 Met
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