Wall Street analysts forecast that Yelp (YELP) will report quarterly earnings of $0.51 per share in its upcoming release, pointing to a year-over-year increase of 37.8%. It is anticipated that revenues will amount to $350.73 million, exhibiting an increase of 2.4% compared to the year-ago quarter.

The consensus EPS estimate for the quarter has undergone a downward revision of 5.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.

Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.

While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.

In light of this perspective, let's dive into the average estimates of certain Yelp metrics that are commonly tracked and forecasted by Wall Street analysts.

Analysts' assessment points toward 'Net revenue- Advertising' reaching $335.08 million. The estimate indicates a change of +2.4% from the prior-year quarter.

It is projected by analysts that the 'Net revenue- Other services' will reach $15.41 million. The estimate indicates a year-over-year change of +27.6%.

The collective assessment of analysts points to an estimated 'Net revenue- Advertising revenue- Services' of $220.70 million. The estimate points to a change of +8.6% from the year-ago quarter.

The combined assessment of analysts suggests that 'Net revenue- Advertising revenue- Restaurants, Retail & Other' will likely reach $114.44 million. The estimate suggests a change of -7.9% year over year.

According to the collective judgment of analysts, 'Paying Advertising Locations' should come in at 511.63 thousand. Compared to the current estimate, the company reported 544 thousand in the same quarter of the previous year.

Analysts predict that the 'Paying Advertising Locations - Restaurants, Retail & Other' will reach 255.67 thousand. The estimate is in contrast to the year-ago figure of 299 thousand.

Analysts forecast 'Paying Advertising Locations - Services' to reach 256.83 thousand. Compared to the present estimate, the company reported 245 thousand in the same quarter last year.

View all Key Company Metrics for Yelp here>>>

Over the past month, shares of Yelp have returned +2.9% versus the Zacks S&P 500 composite's +2.1% change. Currently, YELP carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

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