Yelp Announces Second Quarter 2016 Financial Results
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Baird Remains Sidelined on Yelp (YELP) as Local Ad Strength Fuels 2Q Beat
August 10, 2016 7:48 AM EDTBaird reiterated a Neutral rating on Yelp (NYSE: YELP), and raised the price target to $35.00 (from $25.00), following the company's 2Q earnings report. Revenue of $173.4M exceeded $169.1M estimates, while Local advertising revenue of $151.9M was also above consensus expectations of $147.8M. FY16... More
BofA/Merrill Lynch Upgrades Yelp (YELP) to Neutral
August 10, 2016 7:14 AM EDTBofA/Merrill Lynch upgraded Yelp (NYSE: YELP) from Underperform to Neutral.
For an analyst ratings summary and ratings history on Yelp click here. For more ratings news on Yelp click here.
Shares of Yelp closed at $32.64 yesterday.
... MoreAxiom Capital Upgrades Yelp (YELP) to Buy
August 10, 2016 7:13 AM EDTAxiom Capital upgraded Yelp (NYSE: YELP) from Hold to Buy with a price target of $44.00.
For an analyst ratings summary and ratings history on Yelp click here. For more ratings news on Yelp click here.
Shares of Yelp closed at $32.64 yesterday.
... MoreSusquehanna Remains Sidelined on Yelp (YELP) Following Solid 4Q Results
August 10, 2016 6:59 AM EDTSusquehanna reiterated a Neutral rating on Yelp (NYSE: YELP), and raised the price target to $35.00 (from $22.00), following the company's 2Q earnings report. Revenue was 2% above consensus, driven by higher local advertising, while transaction revenue came in slightly lower than consensus expectations. EPS of $0.16 was $0.01... More
Raymond James Upgrades Yelp (YELP) to Outperform
August 10, 2016 6:38 AM EDTRaymond James upgraded Yelp (NYSE: YELP) from Market Perform to Outperform with a price target of $45.00.
For an analyst ratings summary and ratings history on Yelp click here. For more ratings news on Yelp click here.
Shares of Yelp closed at $32.64 yesterday.
... MoreMizuho Securities Upgrades Yelp (YELP) to Buy
August 10, 2016 6:21 AM EDTMizuho Securities upgraded Yelp (NYSE: YELP) from Neutral to Buy with a price target of $40.00 (from $24.00) following 'beat and raise' quarter.
Analyst Neil Doshi commented, "On the heels of a 2Q beat & raise, we see several signs that lead us to be more... More
Yelp (YELP) Tops Q2 EPS by 8c; Issues Solid Outlook and Names Jed Nachman as COO
August 9, 2016 4:06 PM EDTYelp (NYSE: YELP) reported Q2 EPS of $0.01, $0.08 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $173.4 million versus the consensus estimate of $169.82 million.
GUIDANCE:
Yelp sees Q3 2016 revenue of $180-184 million, versus the consensus of $179.7 million.
Yelp sees FY2016 revenue of $700-708 million, versus the consensus of $699.8 million.
Jed Nachman Promoted to Chief Operating Officer
The company announced that Jed Nachman has been appointed chief operating officer effective August 9, 2016. Geoff Donaker will be retiring... More
