Yelp Q4 2023 Adj EPS $0.37 Misses $0.38 Estimate, Sales $342.38M Beat $341.32M Estimate
Portfolio Pulse from Benzinga Newsdesk
Yelp reported Q4 2023 earnings with an adjusted EPS of $0.37, missing the consensus estimate of $0.38 by 2.63%. However, their sales of $342.38M exceeded the estimate of $341.32M by 0.31%, marking a 10.76% increase from the previous year.
February 15, 2024 | 9:17 pm
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NEUTRAL IMPACT
Yelp's Q4 2023 earnings report showed a slight miss on EPS but exceeded sales estimates, indicating mixed financial performance.
The slight miss in EPS might concern some investors, but the beat on sales estimates and the significant year-over-year sales growth could offset negative sentiment. The mixed results present a neutral outlook for Yelp's stock in the short term, as the sales growth indicates potential for future profitability, but the EPS miss may raise questions about cost management and margin pressures.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100