Yelp Inc. (YELP) is scheduled to release its 2Q15 earnings results after the closing bell today. Checking in on the numbers, the Street’s estimates for the quarter reflect an expected profit of $0.01 per share, down 75% from $0.04 in the same quarter last year. Revenue is projected to post a 50% yoy jump to $133.50 million from $88.8 million a year earlier. Meanwhile, EarningsWhisper.com calls for EPS of $0.01.
As a quick reminder, Yelp reported 1Q/15 EPS of $0.10, $0.09 better than the Street’s consensus estimate. Revs increased 55.10% yoy to $118.5 million versus the $119.93 million consensus.
San Francisco, California-based Yelp Inc, currently valued at $2.53 billion, has a high target of $79.00, which reflects a return potential of 134% over the last closing price of the stock.
Yelp shares have declined 23.62% in the last 4 weeks and 31.71% in the past three months. Over the past 5 trading sessions the stock has lost 1.14%. Shares of Yelp Inc. are down 36.85% year-to-date.
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