Yelp Announces First Quarter 2016 Financial Results
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May 6, 2016 7:41 AM EDT
RBC Capital analyst Mark Mahaney raised his price target on Outperform-rated Yelp (NYSE: YELP) to $36.00 (from $33.00) following Beat & Raise Q1 EPS results.
Keys to the quarter:
1) Local Ad Revenue Growth Acceleration To 40% To $138MM (87% of total revenue), with an arguably implied outlook for a... More
May 6, 2016 7:29 AM EDT
Susquehanna analyst, Shyam Patil, noted the good quarter and guide from Yelp (NYSE: YELP), but hed need to see more consistent execution for an upgrade from Neutral.
Q1 revenue was 2% above consensus, driven by higher local advertising, whilet transaction revenue came in lower... More
May 6, 2016 7:22 AM EDT
Needham & Company analyst Kerry Rice reiterated a Buy rating and bumped his price target on Yelp (NYSE: YELP) to $28.00 (from $25.00) following solid Q1 results and guidance driven by local ad re-acceleration.
Rice commented, "Yelp reported 1Q16 revenue and EBITDA upside and raised its FY16... More
May 6, 2016 7:15 AM EDT
Mizuho Securities reiterated a Neutral rating on Yelp (NYSE: YELP), and raised the price target to $24.00 (from $20.00), following the company's 1Q earnings report. Yelp generated $159m in revenue, above Street estimate of $156m. Yelp raised its revenue guide midpoint from $693m to $696m, above... More
May 6, 2016 6:22 AM EDT
Jefferies analyst, Brian Pitz, raised his PT on Yelp (NYSE: YELP) by nearly 50% to $28 from $20 after Yelp reported a solid qtr driven by Local where revenue growth accelerated on better-than-expected ad budget fulfillment and above avg salesperson productivity. Guidance for 2Q16 came in above... More
May 5, 2016 4:07 PM EDT
Yelp (NYSE: YELP) reported Q1 adjusted EPS of $0.08, $0.24 better than the analyst estimate of ($0.16). Revenue for the quarter came in at $158.6 million versus the consensus estimate of $155.57 million.
Business Highlights
Community: In March 2016, Yelp achieved a major milestone, surpassing 100 million cumulative reviews. By...
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