Yelp, Inc. ( (NYSE:YELP) ) just released its fiscal 2017 fourth-quarter financial results, posting adjusted earnings of $0.19 per share and revenues of $218.25 million.
Currently, YELP is a Zacks Rank #3 (Hold), but that could change based on today’s results. The stock is currently down 5.18% to $42.60 per share in after-hours trading shortly after its earnings report was released.
Yelp:
Beat earnings estimates. The company posted non-GAAP earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.05.
Beat revenue estimates. The company saw revenue figures of $218.25 million, beating our consensus estimate of $215.12 million.
Total revenues were up about 12% year-over-year. Excluding revenues from new acquisitions and Eat24, which was sold to GrubHub, net revenue grew 20% year-over-year. GAAP net income was $142.21 million, or $1.60 per diluted share. This GAAP result includes a $164.8 million pre-tax gain from the sale of Eat24.
“We finished 2017 strong with rising growth in new advertiser acquisition and continued improvements in revenue retention from the prior year,” said CEO Jeremy Stoppelman. “In 2018, we are focused on increasing consumer usage through deepening our product experience in the Restaurants category and attracting advertisers through expanding sales channels and increased ad product flexibility.”
For the first quarter of 2018, Yelp expected revenues in the range of $218 million to $221 million. The company also expects full-year 2018 revenues to come in between $935 million and $965 million. This guidance is basically in line with our current consensus estimates, which are calling for Q1 revenues of $219.63 million and full-year revenues of $953.55 million.
Here’s a graph that looks at Yelp’s recent earnings performance:
Yelp Inc. Price, Consensus and EPS Surprise
Yelp Inc. Price, Consensus and EPS Surprise | Yelp Inc. Quote
Yelp, Inc. is a website engaged in providing information through online community offering social networking. It covers restaurants, shopping, nightlife, financial services, health and a variety of services. The company serves customers in the United States, Canada, the United Kingdom, Ireland, France, Germany, Austria, the Netherlands, Spain, Italy, Switzerland and Belgium. Yelp, Inc. is headquartered in San Francisco, California.
Check back later for our full analysis on Yelp’s earnings report!
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Yelp Inc. (YELP): Free Stock Analysis Report
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