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Yelp (YELP) Stock Soars On Q1 Revenue Beat

Yelp (YELP) just released its first quarter fiscal 2016 earnings results, posting earnings of -$0.20 per share and revenue of $158.6 million.

Currently, YELP has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.

Yelp:                                         

1. Missed earnings estimates. The company posted a loss of 20 cents per share, missing our Zacks Consensus Estimate of -$0.15.

2. Beat revenue estimates. The company saw revenue figures of $158.6 million, edging out our estimate of $156 million.  

3. Cumulative reviews grew 31% year-over-year to approximately 102 million.

4. “We had a great start to the year with local revenue growth accelerating to 40% year over year,” said CEO Jeremy Stoppelman. “We hit a major milestone in the first quarter, surpassing 100 million cumulative reviews.”

5. YELP was up $1.68, or 7.84%, to $23.10 as of 4:44 PM ET in after hours trading shortly after its earnings report was released.

Here’s a graph that looks at YELP’s latest earnings performance:

 

 

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 onYelp’s latest quarterly earnings report!

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