Yelp (YELP): Good Quarter and Guide, Need More To Upgrade - Susquehanna
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Go back to Yelp (YELP): Good Quarter and Guide, Need More To Upgrade - Susquehanna
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 7:23 AM EDT
By Caroline Valetkevitch
(Reuters) - U.S. stocks rebounded from early losses to close higher on Friday as investors viewed the day's jobs data as less disappointing than first thought.
Materials, industrials and discretionary shares were among the day's biggest gainers, with the S&P materials index up 0.8 percent and gold gaining for the day.
In the Labor Department report, nonfarm payrolls increased less than economists expected, and April's job gains were the smallest since September.
But the report also had some upbeat news, with both average hourly earnings and the average work week... 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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