36.15 +0.09 (0.25%)
After hours: 6:11PM EST
|Bid||36.06 x 1200|
|Ask||36.03 x 800|
|Day's Range||34.36 - 36.28|
|52 Week Range||30.11 - 40.99|
|Beta (3Y Monthly)||1.00|
|PE Ratio (TTM)||52.72|
|Earnings Date||Feb 11, 2020 - Feb 17, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||38.71|
Yelp Inc.’s earnings tend to cause big swings in the local-listings stock, and Thursday’s report was no exception, even as Yelp came in ahead of revenue expectations.
Yelp (YELP) delivered earnings and revenue surprises of -26.32% and -0.03%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Yelp Inc. shares rose in the extended session even after the review site's earnings and outlook left a lot to be desired. Yelp shares rallied 11% after hours, following a 7.9% drop in the regular session to close at $30.12. The company reported third-quarter net income of $10.1 million, or 14 cents a share, compared with $15 million, or 17 cents a share, in the year-ago period. Revenue rose to $262.5 million from $241.1 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 19 cents on revenue of $262 million. Yelp said it expects fourth-quarter revenue to grow 11% to 13% over the prior year, or to a range of $270.5 million to $275.4 million, while analysts had forecast on revenue of $276.9 million.
Yelp (NYSE: YELP ) announces its next round of earnings this Thursday, November 7. Here's Benzinga's look at Yelp's Q3 earnings report. Earnings and Revenue Wall Street analysts see Yelp reporting earnings ...
Yelp (YELP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Yelp Inc. (YELP), the company that connects people with great local businesses, announced that it will release its financial results for the quarter ended September 30, 2019 after the market closes on Thursday, November 7, 2019. Yelp will issue a press release when its Shareholder Letter for the quarter has been posted on its investor relations website at www.yelp-ir.com. Following the release of the Shareholder Letter, Yelp will host a webcasted conference call to discuss its third quarter results starting at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.
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Yelp Inc. (YELP), the company that connects people with great local businesses, today released third quarter data for the Yelp Economic Average (YEA), a benchmark of local economic strength in the U.S. The report finds slow national growth, up by only .07% in the third quarter, as several of California’s local economies continued long-term declines, led by San Jose and San Francisco.
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Ygal Arounian maintained a Neutral rating on Groupon with an unchanged $3.50 price target. The combination of Groupon and Yelp could generate revenue and cost synergies and create a combined entity that is in a better position to compete against digital advertising giants like Google, Arounian said in a Friday note.
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YELP stock was up on Thursday following talk about a possible merger with Groupon (NASDAQ:GRPN).Source: BigTunaOnline / Shutterstock.com According to these recent reports, Groupon is considering merging with Yelp (NYSE:YELP) to unlock more value. The combination makes sense as Groupon offers daily deals to customers and Yelp hosts reviews for businesses.It's still unknown exactly what, if any, plans the two companies have for a merger. This includes no leaked details about possible offer prices or how the deal would go down. Groupon and Yelp are also both refusing to comment on the matter.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhat we do know is that there is mixed support for such a merger from Groupon investors. Robert Chapman, founder of Chapman Capital, sold part of his stake in the company earlier this week. He believes that such a large deal isn't right for Groupon right now. However, reports claim that there are other investors in favor of such a deal.While the current rumors moving YELP stock and GRPN stock have to do with a deal between the two, that may not be all there is going on. Some analysts believe that GRPN itself may become the target of an acquisition or merger, reports The Wall Street Journal. * 10 Battered Tech Stocks to Buy Now Groupon may not be the only company eyeing Yelp. There were rumors going around last week that Facebook (NASDAQ:FB) was interested in picking up the company. These reports were claiming that FB was willing to pay as much as $5.8 billion for YELP.YELP stock was up 4% and GRPN stock was down 4% as of Thursday afternoon. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Battered Tech Stocks to Buy Now * 7 Strong-Buy Stocks Hedge Funds Are Buying Now * The 7 Best Penny Stocks to Buy As of this writing, William White did not hold a position in any of the aforementioned securities.The post M&A News: YELP Stock Jumps on Groupon Deal Talk appeared first on InvestorPlace.