Yelp Inc (NYSE:YELP) is scheduled to announce second-quarter 2015 earnings after market close on Tuesday, July 28. The Street anticipates the company to post $0.01 earnings per share (EPS) on $133.48 million in revenue, down from $0.04 EPS but up from $88.79 million in revenue from the same quarter a year prior. The stock is down -38% year-to-date, and has been especially volatile since May when the company juggled the idea of selling itself. As such, a variety of Wall Street analysts have weighed in on Yelp before earnings. Here are the top 3 analysts who covered Yelp over the year:
1. UBS analyst Eric Sheridan last rated Yelp on April 30, reiterating a Hold rating with a $48 price target. The analyst has rated Yelp a total of 6 times since April 2013, earning a +69.8% average return per Yelp recommendation when measured over a one-year horizon and no benchmark.
2. Cowen & Co. analyst Kevin Kopelman last rated Yelp on July 14, reiterating a Buy rating on the stock with a $55 price target. Kopelman disregards “the theory that Yelp traffic was meaningfully hurt by recent Google algorithm changes” and sees “revenue, not visitors, as the focus for Q2.” Kevin Kopelman has rated Yelp a total of 14 times since 2014, earning a +15.0% average return per Yelp recommendation when measured over a one-year horizon and no benchmark.
3. Cantor Fitzgerald analyst Youssef Squali last rated Yelp on July 27, reiterating a Buy rating on the stock with a $68 price target. The analyst wrote, “While YELP has been a material underperformer in the last 12 months, due to concerns about slowing ALBA growth and rising competition, we believe the local online ad opportunity remains substantial and the number of players with scale, brand, network effect, and solid execution is limited, positioning Yelp as a prime beneficiary both as operator and acquisition target.” Youseff Squali has rated Yelp a total of 16 times since April 2012, earning a +13.6% average return per Yelp recommendation when measured over a one-year horizon and no benchmark.
Out of 22 analysts polled by TipRanks, 11 analysts are bullish on Yelp, 10 are neutral, and 1 is bearish. The 12-month average price target for Yelp is $53.50, marking a 58.61% potential upside from where the stock is currently trading. On average, the all-analyst consensus for Yelp is Hold.
Cody Miecnikowski writes about stock market news. He can be reached at [email protected]