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Why Yelp Analyst Valuations Are Becoming Much More Conservative
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Yelp Inc. (NYSE: YELP) reported its earnings last week and analysts absolutely piled on to the stock. The company also announced the departure of its chief financial officer at that time. Overall earnings disappointed.
24/7 Wall St. has gathered these analyst calls and made a montage showing how analysts viewed Yelp after it reported its fourth-quarter earnings. We have also included some highlights from the earnings report.
The company reported a net loss of $0.29 per share on $153.7 million in revenue. This compared to consensus estimates of a net loss of $0.03 per share on revenue of $152.3 million.
Yelp also gave guidance in which it expects first-quarter revenue in the range of $154 million to $157 million and full-year revenue in the range of $685 million to $700 million. The consensus estimates call for $155.55 million in revenue for the first quarter and $691.13 million in revenue for the full year.
Shares of Yelp closed Friday at $15.56, with a consensus analyst price target of $24.60 and a 52-week trading range of $14.53 to $52.51.
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