What is Zacks Research's Estimate for Yelp Q3 Earnings?

Key Points

• Zacks Research lowered its Q3 2026 EPS estimate for Yelp to $0.57 per share, down slightly from $0.58, while maintaining a Hold rating.
• Other analyst sentiment remains cautious: MarketBeat says Yelp carries a consensus “Reduce” rating with an average price target of $27.88, though several firms recently updated targets in the mid-$20s to $30 range.
• Yelp’s most recent quarter beat expectations, reporting $0.30 EPS versus $0.26 expected and revenue of $361.46 million, while the company’s shares were trading around $23.31 near the time of the report.

Yelp Inc. (NYSE:YELP - Free Report) - Stock analysts at Zacks Research decreased their Q3 2026 EPS estimates for shares of Yelp in a report released on Thursday, May 28th. Zacks Research analyst Team now anticipates that the local business review company will earn $0.57 per share for the quarter, down from their prior forecast of $0.58. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Yelp's current full-year earnings is $1.83 per share. Zacks Research also issued estimates for Yelp's Q2 2027 earnings at $0.49 EPS and FY2028 earnings at $2.32 EPS.

YELP has been the subject of a number of other research reports. JPMorgan Chase & Co. increased their price target on shares of Yelp from $22.00 to $26.00 and gave the stock a "neutral" rating in a research note on Friday, May 8th. Wall Street Zen cut shares of Yelp from a "buy" rating to a "hold" rating in a research note on Saturday, February 14th. Robert W. Baird set a $28.00 target price on shares of Yelp in a research note on Friday, May 8th. The Goldman Sachs Group reduced their target price on shares of Yelp from $33.00 to $25.00 and set a "neutral" rating for the company in a research note on Tuesday, February 17th. Finally, Evercore set a $30.00 target price on shares of Yelp in a research note on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $27.88.

Yelp Stock Down 0.6%

Shares of NYSE:YELP opened at $23.31 on Friday. The stock has a market cap of $1.28 billion, a P/E ratio of 10.65, a P/E/G ratio of 2.54 and a beta of 0.53. The firm has a fifty day moving average price of $25.37 and a 200 day moving average price of $26.59. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.74 and a quick ratio of 1.74. Yelp has a 1-year low of $19.60 and a 1-year high of $39.58.

Yelp (NYSE:YELP - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The local business review company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.04. The firm had revenue of $361.46 million during the quarter, compared to analysts' expectations of $353.47 million. Yelp had a net margin of 9.47% and a return on equity of 20.19%. Yelp's quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 EPS.

Insider Buying and Selling at Yelp

In other news, CFO David A. Schwarzbach sold 7,500 shares of the firm's stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $26.60, for a total value of $199,500.00. Following the completion of the sale, the chief financial officer owned 209,300 shares in the company, valued at approximately $5,567,380. This trade represents a 3.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Craig Saldanha sold 1,200 shares of the firm's stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $24.72, for a total transaction of $29,664.00. Following the completion of the sale, the insider owned 267,835 shares of the company's stock, valued at $6,620,881.20. This trade represents a 0.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 27,900 shares of company stock valued at $703,975 in the last 90 days. Company insiders own 8.30% of the company's stock.

Hedge Funds Weigh In On Yelp

A number of large investors have recently made changes to their positions in YELP. CIBC Private Wealth Group LLC increased its holdings in shares of Yelp by 100.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 892 shares of the local business review company's stock valued at $28,000 after purchasing an additional 446 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Yelp by 70.4% in the 4th quarter. Fifth Third Bancorp now owns 1,159 shares of the local business review company's stock valued at $35,000 after purchasing an additional 479 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Yelp by 71.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,158 shares of the local business review company's stock valued at $35,000 after purchasing an additional 482 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Yelp by 181.3% in the 4th quarter. Hantz Financial Services Inc. now owns 1,297 shares of the local business review company's stock valued at $39,000 after purchasing an additional 836 shares in the last quarter. Finally, Hudson Bay Capital Management LP purchased a new position in shares of Yelp in the 3rd quarter valued at about $55,000. Hedge funds and other institutional investors own 90.11% of the company's stock.

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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