Yelp Inc (NYSE: YELP) has reported earnings for its first fiscal quarter (ending March 31) of $0.21 versus a loss $-0.02 for the same period a year ago. This performance was $-0.28 short of the consensus estimate of $0.50. For the latest four quarters through March 31, E.P.S. were $1.66 versus $0.51 for the same period a year ago — an increase of 225%.
Recent Price Action
Yelp Inc (NYSE: YELP) stock closed at $39.62 on 5/9/24 after a modest gain of 1.0%. Moreover, trading volume in this advance was exceptionally high at 217% of normal. The stock has declined -2.0% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
YELP is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Yelp has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Yelp has a slightly negative Power Rating of 33 and a poor Appreciation Score of 24, and the Lowest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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