Can Yelp (YELP) Keep the Earnings Surprise Streak Alive?

Group 1 - The core viewpoint is that Yelp (YELP) has a strong history of beating earnings estimates and is well-positioned for future earnings surprises [1] - In the last two quarters, Yelp has surpassed earnings estimates by an average of 267.39%, with a recent surprise of 134.78% for the latest quarter [1][2] - The Zacks Earnings ESP for Yelp is currently +3.54%, indicating a positive outlook for near-term earnings potential [3] Group 2 - The combination of a positive Earnings ESP and a Zacks Rank 1 (Strong Buy) suggests a high likelihood of another earnings beat for Yelp [3] - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [2] - It is important for investors to check a company's Earnings ESP before quarterly releases to enhance the probability of success [4]