Brokers Offer Predictions for Yelp's Q3 Earnings (NYSE:YELP)

Key Points

• Yelp’s Q3 2026 EPS forecast was reduced by Zacks Research to $0.45 from $0.57, while the firm maintained a “Hold” rating. Full-year 2026 consensus EPS is $1.84.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $27.57; ratings include one Buy, four Holds and two Sells.
• Yelp shares opened at $22.52, near the lower end of their 52-week range. In its latest quarter, Yelp beat estimates with $0.57 EPS and $375.5 million in revenue, though revenue increased just 1.4% year over year.

Yelp Inc. (NYSE:YELP - Free Report) - Zacks Research lowered their Q3 2026 earnings per share (EPS) estimates for Yelp in a research report issued on Thursday, August 27th. Zacks Research analyst Team now expects that the local business review company will earn $0.45 per share for the quarter, down from their previous forecast of $0.57. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for Yelp's current full-year earnings is $1.84 per share. Zacks Research also issued estimates for Yelp's Q4 2026 earnings at $0.48 EPS, FY2026 earnings at $1.85 EPS, Q1 2027 earnings at $0.50 EPS, Q2 2027 earnings at $0.50 EPS, Q3 2027 earnings at $0.56 EPS, Q4 2027 earnings at $0.58 EPS, FY2027 earnings at $2.14 EPS, Q1 2028 earnings at $0.53 EPS, Q2 2028 earnings at $0.62 EPS and FY2028 earnings at $2.14 EPS.

YELP has been the subject of a number of other research reports. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Yelp in a research note on Friday, August 7th. Evercore set a $30.00 target price on Yelp in a report on Monday, May 11th. Morgan Stanley decreased their target price on Yelp from $28.00 to $24.00 and set an "underweight" rating for the company in a research report on Friday, May 15th. Robert W. Baird set a $28.00 price target on Yelp in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. upped their price target on Yelp from $22.00 to $26.00 and gave the company a "neutral" rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average price target of $27.57.

Yelp Stock Down 0.5%

YELP stock opened at $22.52 on Friday. Yelp has a 52-week low of $19.60 and a 52-week high of $34.49. The company's 50 day simple moving average is $25.02 and its 200-day simple moving average is $24.51. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.75 and a quick ratio of 1.75. The firm has a market capitalization of $1.22 billion, a P/E ratio of 10.77, a P/E/G ratio of 2.06 and a beta of 0.46.

Yelp (NYSE:YELP - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The local business review company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.21. Yelp had a return on equity of 19.52% and a net margin of 8.59%.The firm had revenue of $375.52 million for the quarter, compared to the consensus estimate of $366.89 million. During the same quarter in the previous year, the company earned $0.67 EPS. The business's revenue for the quarter was up 1.4% compared to the same quarter last year.

Insider Transactions at Yelp

In other Yelp news, Director Christine Barone sold 15,507 shares of the company's stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $22.95, for a total value of $355,885.65. Following the transaction, the director directly owned 15,928 shares of the company's stock, valued at $365,547.60. This represents a 49.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David A. Schwarzbach sold 8,809 shares of the firm's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $23.19, for a total value of $204,280.71. Following the sale, the chief financial officer directly owned 180,466 shares of the company's stock, valued at $4,185,006.54. This trade represents a 4.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 29,645 shares of company stock valued at $685,185. 8.30% of the stock is owned by insiders.

Institutional Trading of Yelp

Several large investors have recently added to or reduced their stakes in the business. Headwater Capital Co Ltd acquired a new stake in shares of Yelp in the 4th quarter valued at $4,558,000. Money Concepts Capital Corp acquired a new position in Yelp during the first quarter worth $1,684,000. LSV Asset Management raised its holdings in Yelp by 11.6% during the fourth quarter. LSV Asset Management now owns 2,682,238 shares of the local business review company's stock valued at $81,513,000 after buying an additional 279,300 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Yelp by 73.8% in the first quarter. Bank of America Corp DE now owns 562,739 shares of the local business review company's stock worth $13,922,000 after buying an additional 238,993 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its position in shares of Yelp by 206.4% in the first quarter. Quantinno Capital Management LP now owns 75,180 shares of the local business review company's stock worth $1,860,000 after buying an additional 50,644 shares during the last quarter. 90.11% of the stock is owned by institutional investors.

About Yelp

Yelp is a digital platform that connects consumers with local businesses through user-generated reviews, ratings and multimedia content. The company's flagship offerings include the Yelp website and mobile applications for iOS and Android, where users can search for and discover restaurants, shops, service providers and other points of interest. In addition to crowd-sourced reviews and photographs, Yelp provides business profile pages featuring hours, contact information, menus and direct messaging capabilities.

Yelp generates revenue primarily through advertising services sold to small and medium-sized enterprises.

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