Yelp Inc. (NYSE:YELP) is expected to report third quarter earnings results, after market close, on Thursday 5th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.34 per share.
Looking ahead, the full year loss are expected at $ 0.97 per share on the revenues of $ 848.41 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,116.00 million ~ $ 1,136.00 million
Click Here For More Historical Outlooks Of Yelp Inc.
Previous Quarter Performance
Yelp Inc. reported loss for the second quarter of $ 0.29 per share, from the revenue of $ 169.03 million. The quarterly revenues reduced 31.56 percent compared with the same quarter last year. According to street consensus, YELP was expected to report 2Q20 loss of $ 0.51 per share from revenue of $ 153.46 million. The bottom line results beat street analysts by $ 0.22 or 43.14 percent, at the same time, top line results outshined analysts by $ 15.57 million or 10.15 percent.
Stock Performance
Shares of Yelp Inc. traded up $ 0.78 or 3.86 percent on Wednesday, reaching $ 20.97 with volume of 753.10 thousand shares. Yelp Inc. has traded high as $ 21.13 and has cracked $ 20.01 on the downward trend
The closing price of $ 20.97, representing a 56.63 % increase from the 52 week low of $ 12.89 and a 46.15 % decrease over the 52 week high of $ 37.49.
The company has a market capital of $ 1.60 billion and is part of the Technology sector and Internet Content & Information industry.
Recent Analyst recommendations
- On 15th October 2020, maintained by Morgan Stanley at Underweight rating, with $ 19.00 target price.
- On 15th September 2020, initiated by KeyBanc at Sector Weight rating.
Conference Call
Yelp Inc. will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.yelp.com
Yelp Inc. operates a platform that connects consumers with local businesses in the United States, Canada, and internationally. The companys platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.
