Here is Why Growth Investors Should Buy Yelp (YELP) Now
YelpYelp(US:YELP) ZACKS·2024-09-04 17:45

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying strong candidates can be challenging. Yelp (YELP) is highlighted as a promising growth stock based on its favorable Growth Score and top Zacks Rank [1][6]. Earnings Growth - Yelp has a historical EPS growth rate of 32.4%, with projected EPS growth of 22.1% for the current year, significantly outperforming the industry average of 12.1% [3]. Asset Utilization Ratio - Yelp's asset utilization ratio stands at 1.38, indicating that the company generates $1.38 in sales for every dollar in assets, compared to the industry average of 0.69. Additionally, Yelp's sales are expected to grow by 6.2% this year, while the industry average is 0% [4]. Earnings Estimate Revisions - There has been a positive trend in earnings estimate revisions for Yelp, with the Zacks Consensus Estimate for the current year increasing by 10.9% over the past month, contributing to its Zacks Rank 1 status [5][6].