BofA/Merrill Lynch Upgrades Yelp (YELP) to Neutral
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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
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
