Why Yelp (YELP) Could Beat Earnings Estimates Again

Core Viewpoint - Yelp (YELP) is positioned well to continue its trend of beating earnings estimates, with a strong history of performance in recent quarters [1][3]. Earnings Performance - In the most recent quarter, Yelp reported earnings of $0.56 per share, exceeding the expected$0.40 per share by 40% [2]. - For the previous quarter, Yelp's earnings were $0.54 per share against an expectation of$0.23 per share, resulting in a surprise of 134.78% [2]. Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Yelp, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating potential for another earnings beat [3][6]. - Yelp currently has an Earnings ESP of +12.87%, suggesting analysts have recently become more optimistic about the company's earnings prospects [6]. Statistical Insights - 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 [4]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [5].