YELP - Yelp Inc.
| Previous Close | 34.57 |
| Open | 34.63 |
| Bid | 32.73 x 800 |
| Ask | 35.60 x 800 |
| Day's Range | 34.01 - 34.75 |
| 52 Week Range | 30.12 - 40.99 |
| Volume | 661,075 |
| Avg. Volume | 786,154 |
| Market Cap | 2.352B |
| Beta (5Y Monthly) | 1.09 |
| PE Ratio (TTM) | 49.77 |
| EPS (TTM) | 0.68 |
| Earnings Date | May 06, 2020 - May 10, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 37.26 |
- MarketWatch
Groupon needs a sale — its own
Online coupon company Groupon Inc., saying it has to go through a “profound change,” is getting rid of its ecommerce business and embarking on another restructuring, but it should face up to reality that it may be time to find a merger partner.
- GuruFocus.com
Yelp: Fighting to Live Up to Expectations
Some thoughts on the company's 2019 financial results Continue reading...
- Thomson Reuters StreetEvents
Edited Transcript of YELP earnings conference call or presentation 13-Feb-20 10:00pm GMT
Q4 2019 Yelp Inc Earnings Call
- Zacks
Yelp (YELP) Q4 Earnings Miss Estimates, Revenues Rise Y/Y
Yelp (YELP) fourth-quarter earnings decline while revenues increase driven by advertising revenues.
- Barrons.com
Yelp Stock Is Tumbling After the Earnings Report Has Something Disappointing for Everyone
The reviews site’s fourth-quarter revenue and earnings per share both missed Wall Street’s consensus estimates. Downgrades to Yelp stock followed.
- Zacks
Yelp (YELP) Misses Q4 Earnings and Revenue Estimates
Yelp (YELP) delivered earnings and revenue surprises of -7.69% and -1.46%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
- MarketWatch
Yelp stock sinks 8% after earnings decline even more than expected
Yelp Inc. shares dropped more than 8% in after-hours trading Thursday after the online-reviews company reported that holiday-season earnings declined even more than expected. Yelp reported fourth-quarter net income of $17.2 million, or 24 cents a share, down from 37 cents a share a year ago and behind analysts' average expectations of 26 cents a share, according to FactSet. Yelp reported revenue of $268.8 million, up from $243.7 million a year ago but also behind analysts' expectations, which called for sales of $273.2 million, according to FactSet. Yelp said that typical seasonality that pushes ad spending into the fourth quarter has changed with Yelp's new approach to selling non-term advertising, reporting that the company "saw more Local advertisers opt to reduce spending during the December holidays and subsequently resume their spending in the new year." Yelp's first-quarter revenue guidance also failed to live up to expectations despite the claim that spending had been pushed to the new year, however: Yelp projected revenue growth of 8% to 10% year-over-year, which would top out at less than $260 million, while analysts on average were expecting first-quarter revenue of $268 million. Yelp also announced a new chief financial officer, David Schwarzbach, who previously served that function for Optimizely. Yelp's previous CFO left for Eventbrite Inc. last August, and the position had been filled on an interim basis since. Yelp stock closed with a 3.2% gain at $36.50 Thursday, then fell to less than $34 in late trading following release of the results.
- Benzinga
Yelp Reports Q4 Earnings Miss, Announces New CFO
Yelp (NYSE: YELP ) reported fourth-quarter earnings of 24 cents per share on Thursday, which missed the analyst consensus estimate of 26 cents. This is a 35% decrease over earnings of 37 cents per share ...
- Business Wire
Yelp Reports Fourth Quarter and Full Year 2019 Financial Results
Yelp Inc. (NYSE: YELP), the company that connects people with great local businesses, today posted its financial results for the fourth quarter and full year ended December 31, 2019 in the Q4 2019 Shareholder Letter available on its Investor Relations website at www.yelp-ir.com.
- Business Wire
Yelp Announces New CFO and Adds New Board Member
Yelp Inc. (NYSE: YELP), the company that connects people with great local businesses, today announced the appointments of David Schwarzbach as Chief Financial Officer, effective February 14, and Christine Barone, CEO of True Food Kitchen, to Yelp’s Board of Directors, effective March 1.
- Benzinga
Yelp's Q4 Earnings Outlook
On Thursday, February 13, Yelp (NYSE: YELP ) will release its latest earnings report. Check out Benzinga's preview to understand the implications. Earnings and Revenue Wall Street analysts see Yelp reporting ...
- Bloomberg
The Faux Populism of Trumpified Architecture
(Bloomberg Opinion) -- Even on a gloomy Sunday, with skies threatening rain, the U.S. Courthouse on First Street in downtown Los Angeles is strikingly beautiful. The clouds and surrounding buildings reflect in its pleated glass sides, which look far airier in person than in photographs. By breaking up its plane, the pleats call attention to the Great Seal etched in the glass. The American flag reflects in their panes.Opened in 2016, it’s a civic building that makes you happy to see it. Reviewers on Google and Yelp, including a grumpy juror, give it good marks.Catesby Leigh, by contrast, calls it a “Borg Cube.” I can only assume he has never actually watched “Star Trek: The Next Generation.” Or maybe he’s too blinded by architectural theory to enjoy beauty that doesn’t conform.You probably haven't heard of Leigh. He’s a critic associated with the National Civic Art Society, a think tank that “endeavors to help architecture return to its pre-Modernist roots.” The society wants government buildings to re-adopt classical architectural styles: more domes and columns, less glass and steel. Its formerly obscure views are now enjoying the world’s largest megaphone.Last week, a draft executive order titled “Making Federal Buildings Beautiful Again” leaked to Architectural Record. (The Chicago Sun-Times obtained a copy and put it online.) The draft denounces modern architecture. It requires classical styles as the default architecture for all new federal buildings in the Washington D.C. area, including surrounding counties; for all federal buildings costing more than $50 million; and for all federal courthouses. It specifically forbids Brutalist and Deconstructionist styles. It establishes a President’s Committee for the Re-Beautification of Federal Architecture to revise the principles that guide federal architecture commissions.It calls for the General Services Administration to solicit public comment on new building designs while specifically excluding “artists, architects, engineers, art or architecture critics, members of the building industry or any other members of the public that are affiliated with any interest group or organization involved with the design, construction or otherwise directly affected by the construction or remodeling of the building.”You could see that requirement as avoiding conflicts of interest — or as excluding anyone who knows what they’re talking about.Architects and critics were apoplectic.Classical styles are fascistic, suggested Artnet News. The Guardian warned of “dictator chic.” The order would constitute “a complete constraint on freedom of expression,” an architect told the New York Times. Even a nuanced historical article in Archinect News concluded with a reference to Nazi architect Albert Speer. New York Times critic Michael Kimmelman rightly identified the draft as Twitter bait.The response demonstrates how, even when he’s barely involved, President Donald Trump manages to effectively troll snooty elites by giving voice to widely held popular grievances. A lot of government buildings are indeed ugly. No matter how hated, they rarely get torn down. But the draft order also demonstrates Trump’s propensity for ham-handed remedies that would do more harm than good.As creators, architects face an inherent problem. They can’t do their work without clients. Writers, painters, sculptors — these days even filmmakers — can find ways to follow their muse even if their creations have little or no market. Beyond building homes for themselves (or their mothers), architects have few options.Construction is expensive, it requires land, and it needs people who’ll use it. That’s the real-world conflict at the heart of Ayn Rand’s novel “The Fountainhead,” which lampooned the throwback styles and populist attitudes the draft order promotes.Federal commissions offer relative freedom for architectural ambitions. “Design must flow from the architectural profession to the Government and not vice versa,” declare the guidelines in place since 1962. Written by a young Daniel Patrick Moynihan, these design principles reflect the technocratic modernism of the Kennedy era — the deference to experts and belief in the new that landed a man on the moon but also razed urban neighborhoods to make way for Brutalist government centers.Under those guidelines, the architecture profession itself acts as the client. The result can be a masterpiece like L.A.’s new courthouse — or a monstrosity like the headquarters of the F.B.I., the J. Edgar Hoover Building, one of Trump’s pet peeves.By contrast, the advocates of classical architecture position themselves as the voice of the people. “For too long architectural elites and bureaucrats have derided the idea of beauty, blatantly ignored public opinions on style, and have quietly spent taxpayer money constructing ugly, expensive and inefficient buildings,” the National Civic Art Society’s chairman told the Times.But if architects can’t represent the public, who can? That’s the problem at the heart of any government building project. Whose taste should rule? What should the balance be between saving money and creating meaningful, attractive buildings? What role should the people who’ll work in the building have? What is the right form for the building’s specific use? For federal buildings outside the capital, what voice should locals have? Who speaks for the client when the client is everyone?These are political, not technical, questions. You can’t reason your way to the single right answer. You can only try to strike a sensible balance — which isn’t exactly the Trump way.In an editorial attacking the executive order, the Chicago Sun-Times evoked the city’s federal plaza designed by Ludwig Mies van der Rohe. Ordinary locals find it striking, part of Chicago’s heritage of beautiful architecture, including many modern buildings.Leigh, by contrast, says the plaza “raises serious issues of appropriateness” and is “far better suited to the high-end corporate world and its promotion of itself as culturally au courant.” (The building was au courant a half century ago.) Dictating that your idea of civic appropriateness is right for all buildings in all times and places shouldn’t be confused with speaking for the public.What looks “civic” depends on experience, not architectural theory. In Los Angeles, where I live, traditional civic buildings are not classical. They’re not even the Mission style popular elsewhere in the state. They’re Moderne ziggurats with Art Deco features, like the L.A. city hall, or midcentury modern structures like the Wilshire Federal Building in West L.A. They reflect the eras in which the city was rapidly expanding.Some, like these examples, are attractive and popular, others less so. But all of them represent the actual city and its history, not an outsider’s idea of civic ideals. The eco-conscious 21st-century beauty of the new federal courthouse fits appropriately in its dense urban setting. Columns and domes would not. Neither would the red tile roofs of Santa Barbara.However great it may be for the Lincoln Memorial, classicism itself is no guarantee of good civic architecture. Packing columns onto a hulking monstrosity like the Eisenhower (formerly Old) Executive Office Building does not make it beautiful. Historical, yes. Meaningful because of that history, sure. But not attractive or inspiring or representative of American ideals.The sweeping language of the draft order simply replaces one group of architectural theories with another, one set of insiders with an even smaller one. Preserving the high-handed attitudes it claims to oppose, it avoids the hard questions. Even on its own grounds, its judgments and prescriptions are suspect.This architectural tiff is an argument among intellectuals with ideas about the ought of the built environment, not citizens with experience of the is. It might make government buildings more uniform, but it wouldn’t make them better.To contact the author of this story: Virginia Postrel at vpostrel@bloomberg.netTo contact the editor responsible for this story: Katy Roberts at kroberts29@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Virginia Postrel is a Bloomberg Opinion columnist. She was the editor of Reason magazine and a columnist for the Wall Street Journal, the Atlantic, the New York Times and Forbes. Her next book, "The Fabric of Civilization: How Textiles Made the World," will be published in 2020.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Business Wire
Yelp’s New Products Help Measure Advertising Success and Consumer Behaviors and Underscore Its Commitment to National and Multi-Location Businesses
Yelp Inc. (NYSE:YELP), the company that connects people with great local businesses, today announced the official release of two new products that help businesses with multiple locations better reach and understand consumers at every phase of the purchase cycle. Yelp introduced Yelp Store Visits (YSV) to measure how online activity on Yelp drives physical store foot traffic, and launched Showcase Ads, a new video-centric format that allows national marketers to feature in-season promotions and to tell their brand story more effectively. Yelp’s new enterprise advertising products provide brands with greater control over how they promote their business on Yelp, and a more effective way to measure what resonates with their audiences. The new products have been piloted by Denny’s and other Fortune 500 brands.
- Bloomberg
Why So Many Tech Startups Misbehave
(Bloomberg Opinion) -- It's hard to miss how many technology companies engage in increasingly questionable -- and occasionally reprehensible -- conduct. This is something beyond the unsavory frat bro behavior of people like Uber Technologies Inc. founder and former Chief Executive Officer Travis Kalanick. No, I mean companies whose very business models seem to be built around elements of fraud, deception and abuse of employees, partners and clients.Maybe it is a sign of what happens when too much capital sloshes through too few startups.(1) Whatever the underlying cause, one cannot help but notice some of the awful behavior in the venture-funded tech world. Consider these recent headlines:\-- "Court Rules It's Totally Cool for Yelp to Extort Businesses"\-- "Grubhub’s new growth hack is listing restaurants that didn’t agree to be listed"\-- "Delivery apps like DoorDash are using your tips to pay workers’ wages" There may be any number of reasons these companies might engage in such shoddy behavior, but the most obvious one seems to be that their business models are so lame that they must do shady stuff simply to keep the lights on.Disruption is a consequence of true innovation; that isn't the issue here. No, this points to something deeper and more troubling about the startup landscape.Let’s consider a few of these companies:Grubhub: The food-delivery company is in hot competition with other startup delivery companies. One of the things it's done: buy up domain names of its restaurant partners without their permission or even knowledge, thus making it hard or impossible for a restaurant to establish its own website without Grubhub's blessings. (Grubhub’s defense: It’s in our contract’s fine print.) The company also published shadow websites and misleading phone numbers of its restaurant partners to pull web traffic and phone orders away from them.I imagine Grubhub being pitched as the Uber of food delivery (though Uber also is in the food-delivery business). One key difference: There was no entrenched local monopoly similar to taxis. Instead, there are tens of thousands of local restaurants, many of which already deliver or offer takeout. Uber and Lyft used technology to break the monopoly: Grubhub and its related divisions -- Seamless, Eat24, MenuPages and AllMenus -- instead insert themselves as middlemen between restaurants and consumers. This seems to be true regardless of whether the restaurant is a willing participant or not.Maybe it's the big decline in Grubhub's share price that has led the company to stoop so low: the stock has fallen about 65% from its high in 2018.Yelp: The review site seems to have morphed into what its critics sometimes characterize as an extortion racket. The company has been accused by restaurant owners of hiding positive reviews unless those establishments advertise on Yelp.Business owners have challenged this model, with some even winning in small claims court.A broader class-action case was dismissed, with the Ninth Circuit Court of Appeals ruling that it was fine for Yelp to manipulate positive and negative reviews of its restaurant clients. As for the claims of the plaintiffs that Yelp functionally extorted them, the court said too bad; Yelp was under no obligation to be even-handed or fair.Lots of outrage over this eventually led to a Kickstarter campaign to fund a documentary, "Billion Dollar Bully." The problem has caused Yelp so much reputational harm that the company felt compelled to set up a page on its website with the headline, "Yelp Does Not Extort Local Businesses or Manipulate Ratings."Nevertheless, the market has mounting doubts about Yelp and its business: the shares have declined 65% from their peak in 2014.DoorDash: How well does the gig economy pay? That was what a New York Times reporter wanted to find out. So he started working as a food-delivery man for some of the more popular apps, including DoorDash. He discovered that the pay wasn't great -- as little as $5 an hour to as much as $20 for "Jedi Masters" \-- and it's falling as the apps attract more delivery people.It also turned out that DoorDash and others were keeping the tips -- all of which employees were supposed to get -- and using them to subsidize workers' base pay. The subsequent uproar over the Times article led DoorDash and others to change tipping policies.DoorDash also was sued for using a fake In-N-Out Burger logo on its website and offering unauthorized deliveries for the fast-food chain.One thing becomes obvious when looking at these companies: they are all in hyper-competitive, low-margin businesses where economies of scale are either minimal or don't exist.But more to the point, it makes you wonder if these companies actually solve a consumer problem. There are reasonably credible review sites online such as Zagat, so why does anyone need to turn to suspect reviews on Yelp. As for restaurants that already offer meal delivery -- and there are many -- third-party delivery apps are superfluous.In other words, these are businesses that are responding to market signals the wrong way. Instead of bending the law and trampling all over ethical standards, they probably should rethink their business models -- or just close their doors.(1) Theself-dealing sweetheart arrangementsof Adam Neumann, WeWork’s founder and former CEO, was a special case, the result mainly of a weak and conflicted board of directors.To contact the author of this story: Barry Ritholtz at britholtz3@bloomberg.netTo contact the editor responsible for this story: James Greiff at jgreiff@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Barry Ritholtz is a Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Zacks
Earnings Preview: Yelp (YELP) Q4 Earnings Expected to Decline
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.
- Reuters
Google Maps seeks business, transit reviews in new look as it turns 15
Alphabet Inc's Google Maps on Thursday launched a redesign that prominently solicits users' reviews and photos of places they visit, seeking to increase its data in a field led by local search apps such as Zomato, TripAdvisor and Yelp. The new look, which coincides with Google Maps' 15th birthday, introduces a "Contribute" tab to a menu at the bottom of the service's mobile app, Google said in a blog post. The move prompted concern from TripAdvisor Inc , which along with Yelp Inc and other companies that feature user reviews on businesses have encouraged antitrust investigations into whether Google has improperly used its dominance in search to popularize its newer tools, such as restaurant comparison.
- Business Wire
Yelp Announces Date of Fourth Quarter and Full Year 2019 Financial Results
Yelp Inc. (NYSE: YELP), the company that connects people with great local businesses, announced that it will release its financial results for the quarter and full year ended December 31, 2019 after the market closes on Thursday, February 13, 2020.
- American City Business Journals
Thumbtack CEO is nailing down the right business formula
Co-founder and CEO Marco Zappacosta wants to make it more convenient than ever to hire local service professionals.
- Yahoo Finance
Yelp: Despite a strong US consumer, local businesses slumped in 2019
Despite accounts of a strong U.S. consumer, local businesses slumped in 2019 based on data from the business review site Yelp.
- Zacks
Moving Average Crossover Alert: Yelp
Yelp Inc. (YELP) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
- MarketWatch
U.S. economic activity slumped in the fourth quarter, according to new data from Yelp
A new look at economic activity produced by Yelp Inc. found economic activity slumped in the fourth quarter last year
- Business Wire
Yelp Economic Average Shows Slumping National Growth in 2019 With Continued Declines Expected in Q1 2020 Across Sectors
Yelp Inc. (NYSE: YELP), the company that connects people with great local businesses, today released its first-ever annual Yelp Economic Average (YEA) report, a benchmark of local economic strength in the U.S. The report found that most local economies nationwide slumped in 2019, down 1.3% from the previous year, led by underperformance in restaurant, food and nightlight categories, as well as brick-and-mortar shops. A weak fourth quarter, down 1.4%, largely contributed to the 2019 drop and marked the largest quarter-over-quarter decline since 2018. The report also found that businesses in states that voted Republican in the 2016 presidential election outpaced the economic growth of businesses in states that voted Democratic.
- Simply Wall St.
An Intrinsic Calculation For Yelp Inc. (NYSE:YELP) Suggests It's 43% Undervalued
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Yelp Inc. (NYSE:YELP...
- Zacks
DL vs. YELP: Which Stock Should Value Investors Buy Now?
DL vs. YELP: Which Stock Is the Better Value Option?
