Yelp Inc (NASDAQ:YELP) released its earnings report for the three months through September 2013 this afternoon after the market closed on Wall Street. The company showed a loss per share of $4 cents for the quarter on revenue totaling $61.2 Million. On today’s market shares in the company trended up to finish the day at $68.83.
The analysts following Yelp Inc (NASDAQ:YELP) were looking for earnings of ($0.01) cents from today’s earnings report by consensus. The analysts were looking for revenue of $59.5 million for the three months. In the same three months of last year Yelp managed to earn 1 cent per share on revenue of $36.4 billion.
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2013 is expected to be the first year that Yelp Inc (NASDAQ:YELP) manages to make a profit. The company lost 5 cents per share for the full year 2012. Analysts are expecting the company to bring in earnings of 22 cents per share for the full year 2013. After the company reaches that landmark, earnings are expected to explode upward.
Analysts are looking for earnings of 55 cents per share from Yelp for the full year 2014. The internet reviewing company is concentrating on creating a local advertising based business. That has never been done before on the web platform, but Yelp might have the best chance.
Yelp Inc (NASDAQ:YELP) has a habit of beating analysts expectations in earnings reports. The company managed to beat Wall Street expectations in three out of the last four quarters. However, just because a firm has a history of beating expectations doesn’t mean it will beat them forever, and it doesn’t mean that those earnings numbers justify the price of the stock.
As with many other internet stocks, Yelp Inc (NASDAQ:YELP) has a large amount of growth priced in. The company is worth more than $4 billion by today’s price. The company lost money in 2012, and by its current share price its priced at more than 300 times expected 2013 earnings.
That means that investors expect the company to grow quickly and to keep growing for years to come. The firm’s stock is still a risky prospect, however. Executives from Yelp will host a conference call in order to discuss this earnings report at 4:30 PM EST this afternoon.