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Compared to Estimates, Yelp (YELP) Q2 Earnings: A Look at Key Metrics
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Yelp (YELP - Free Report) reported $357.02 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 5.9%. EPS of $0.54 for the same period compares to $0.21 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $352.91 million, representing a surprise of +1.16%. The company delivered an EPS surprise of +134.78%, with the consensus EPS estimate being $0.23.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Yelp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Paying Advertising Locations
: 531 thousand compared to the 531.67 thousand average estimate based on three analysts.
Paying Advertising Locations - Restaurants, Retail & Other
: 277 thousand compared to the 276 thousand average estimate based on three analysts.
Paying Advertising Locations - Services
: 254 thousand versus the three-analyst average estimate of 255.67 thousand.
Net revenue- Advertising
: $341.34 million versus the four-analyst average estimate of $336.99 million. The reported number represents a year-over-year change of +6%.
Net revenue- Other services
: $15.68 million compared to the $15.14 million average estimate based on four analysts. The reported number represents a change of +33.2% year over year.
Net revenue- Advertising revenue- Services
: $222.96 million versus the three-analyst average estimate of $221.04 million. The reported number represents a year-over-year change of +11.3%.
Net revenue- Advertising revenue- Restaurants, Retail & Other
: $118.38 million versus $115.61 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -2.7% change.
Shares of Yelp have returned -5.3% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Yelp (YELP) Q2 Earnings: A Look at Key Metrics
Yelp (YELP - Free Report) reported $357.02 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 5.9%. EPS of $0.54 for the same period compares to $0.21 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $352.91 million, representing a surprise of +1.16%. The company delivered an EPS surprise of +134.78%, with the consensus EPS estimate being $0.23.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Yelp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Yelp here>>>Paying Advertising Locations
: 531 thousand compared to the 531.67 thousand average estimate based on three analysts.Paying Advertising Locations - Restaurants, Retail & Other
: 277 thousand compared to the 276 thousand average estimate based on three analysts.Paying Advertising Locations - Services
: 254 thousand versus the three-analyst average estimate of 255.67 thousand.Net revenue- Advertising
: $341.34 million versus the four-analyst average estimate of $336.99 million. The reported number represents a year-over-year change of +6%.Net revenue- Other services
: $15.68 million compared to the $15.14 million average estimate based on four analysts. The reported number represents a change of +33.2% year over year.Net revenue- Advertising revenue- Services
: $222.96 million versus the three-analyst average estimate of $221.04 million. The reported number represents a year-over-year change of +11.3%.Net revenue- Advertising revenue- Restaurants, Retail & Other
: $118.38 million versus $115.61 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -2.7% change.Shares of Yelp have returned -5.3% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.