Expectations trend
FY2027 · fiscal year ending 2027-12-31 · fmp
Yelp, Inc. (YELP)
NYSECommunication ServicesInternet Content & InformationSnapshot 2026-11-04
$22.05+11.20%
Close 2026-11-04 · 1-day change
NYSECommunication ServicesInternet Content & InformationSnapshot 2026-11-04
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
2.53 → 2.53 EPS · FY ending Dec 31, 2027 · 7 analysts
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
Change in the same fiscal period’s mean EPS estimate from Oct 5, 2026 to Nov 4, 2026: (new ÷ prior − 1). Contributor count changed from 7 to 7; this is not the number of analysts revising. The ±10% axis is a display range.
The EPS and P/E reference is not available for YELP yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
4 published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
Cash flow from operations recovers toward $90M+ | Yelp’s free cash flow yield is strong at 18%, supporting operations and potential returns. | Broken | Cash from operations remains below $70M next 4 quarters | Cash from operations: $75.822M FY2026-Q2; GAAP. Published target: >= $90M cash from operations. Target period is not explicitly aligned with this observation. Aug 7, 202675,822,000 USD · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Compare these dated observations with the operating requirements above
FY2027 · fiscal year ending 2027-12-31 · fmp
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Observed price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
This is a modest-growth business investing in AI products, not a high-growth story on the evidence available. The long-term thesis is intact, though its signal has softened from favorable to mildly favorable.
Yelp is described as cheap versus peers, and the evidence says expectations are below the model’s estimate. The priced-in view is marked justified, with low fragility, but confidence in the valuation evidence is medium.
Near term, recent results have been strong, with two reported earnings beats and revenue growth from late 2025 to mid-2026. AI product work and revenue growth priorities are on track, while adjusted EBITDA and margins have weakened and disciplined investment is behind plan. Guidance was raised in August, but recent earnings have been erratic and peers have missed, so the near-term risk is not absent.
Over the next few quarters, the thesis depends on continued revenue growth and AI product progress without further pressure on adjusted EBITDA. A guidance cut after the recent raise would weaken management credibility. Fed rate cuts or continued strong results from large Communication Services peers could support the sector backdrop, while the current sector headwind remains a risk.
For a 1 to 3 year view, the business case remains intact, but the signal has softened as margin pressure and sector headwinds offset solid revenue trends. The main test is whether growth and AI investment can continue while profitability stabilizes. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| A primary condition in Yelp, Inc.'s published investment case. The stated target is >= $27M operating income. |
| Intact |
| Operating income falls below $25M next 4 quarters |
Operating income: $43.73M FY2026-Q2; GAAP. Published target: >= $27M operating income. Target period is not explicitly aligned with this observation. Aug 7, 202643,730,000 USD · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Yelp revenue grows at least 2% annually | A primary condition in Yelp, Inc.'s published investment case. The stated target is >=2% YoY revenue growth. | Broken | YoY revenue growth falls below 1% in FY26 | Revenue: $375.519M FY2026-Q2; GAAP. Published target: >=2% YoY revenue growth. Annual target cannot be compared with a quarterly or TTM observation. Aug 7, 2026375,519,000 USD · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management contextStated in 3 of 3 supplied quarters. Management reported: ““In the second quarter, Yelp delivered net revenue of $376 million, $8 million above the high end of our outlook range,” said David Schwarzbach, Yelp's chief financial officer.” ““First quarter net revenue of $361 million and an adjusted EBITDA margin of 22% both exceeded the high end of our outlook,” said David Schwarzbach, Yelp's chief financial officer.” Delivery assessment Nov 4, 2026 |
PE ratio remains below 12x | A supporting condition in Yelp, Inc.'s published investment case. The stated target is <= 12 PE TTM. | Intact | PE ratio rises above 15x without earnings growth | P/E (TTM): 7.96x As of 2026-11-04; trailing twelve months. The target timing and basis require a separate assessment. Nov 4, 20267.9603 ratio · calculatedLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$2.62 → $2.53 · observed estimates
$1.51B → $1.51B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-07-24 | $2.62 | $1,510,703,680 | 6 / 7 |
| 2026-07-25 | $2.58 | $1,509,428,400 | 8 / 10 |
| 2026-07-26 | $2.58 | $1,509,428,400 | 8 / 10 |
| 2026-07-27 | $2.58 | $1,509,428,400 | 8 / 10 |
| 2026-07-28 | $2.62 | $1,510,703,680 | 6 / 7 |
| 2026-07-29 | $2.62 | $1,510,703,680 | 6 / 7 |
| 2026-07-30 | $2.62 | $1,510,703,680 | 6 / 7 |
| 2026-07-31 | $2.58 | $1,509,428,400 | 8 / 10 |
| 2026-08-01 | $2.62 | $1,510,703,680 | 6 / 7 |
| 2026-08-02 | $2.62 | $1,510,703,680 | 6 / 7 |
| 2026-08-03 | $2.62 | $1,510,703,680 | 6 / 7 |
| 2026-08-04 | $2.58 | $1,509,428,400 | 8 / 10 |
| 2026-08-05 | $2.57 | $1,511,058,400 | 8 / 10 |
| 2026-08-06 | $2.62 | $1,510,703,680 | 6 / 7 |
| 2026-08-08 | $2.61 | $1,512,185,498 | 6 / 7 |
| 2026-08-09 | $2.61 | $1,512,185,498 | 6 / 7 |
| 2026-08-10 | $2.61 | $1,512,185,498 | 6 / 7 |
| 2026-08-12 | $2.52 | $1,513,541,440 | 7 / 9 |
| 2026-08-13 | $2.52 | $1,513,541,440 | 7 / 9 |
| 2026-08-14 | $2.61 | $1,512,185,498 | 6 / 7 |
| 2026-08-15 | $2.61 | $1,512,185,498 | 6 / 7 |
| 2026-08-16 | $2.61 | $1,512,185,498 | 6 / 7 |
| 2026-08-17 | $2.61 | $1,512,185,498 | 6 / 7 |
| 2026-08-18 | $2.61 | $1,512,185,498 | 6 / 7 |
| 2026-08-19 | $2.61 | $1,512,185,498 | 6 / 7 |
| 2026-08-20 | $2.53 | $1,512,963,398 | 6 / 7 |
| 2026-08-21 | $2.53 | $1,512,963,398 | 6 / 7 |
| 2026-08-22 | $2.53 | $1,512,963,398 | 6 / 7 |
| 2026-08-23 | $2.53 | $1,512,963,398 | 6 / 7 |
| 2026-08-24 | $2.53 | $1,512,963,398 | 6 / 7 |
| 2026-08-25 | $2.53 | $1,512,963,398 | 6 / 7 |
| 2026-08-26 | $2.53 | $1,512,963,398 | 6 / 7 |
| 2026-08-27 | $2.53 | $1,512,963,398 | 6 / 7 |
| 2026-08-28 | $2.53 | $1,512,963,398 | 6 / 7 |
| 2026-08-29 | $2.53 | $1,513,013,111 | 6 / 7 |
| 2026-08-30 | $2.53 | $1,513,013,111 | 6 / 7 |
| 2026-08-31 | $2.53 | $1,513,013,111 | 6 / 7 |
| 2026-09-01 | $2.53 | $1,512,978,622 | 6 / 7 |
| 2026-09-02 | $2.53 | $1,512,978,622 | 6 / 7 |
| 2026-09-03 | $2.53 | $1,512,978,622 | 6 / 7 |
| 2026-09-04 | $2.53 | $1,512,978,622 | 6 / 7 |
| 2026-09-05 | $2.53 | $1,512,978,622 | 6 / 7 |
| 2026-09-06 | $2.53 | $1,512,978,622 | 6 / 7 |
| 2026-09-07 | $2.53 | $1,512,978,622 | 6 / 7 |
| 2026-09-08 | $2.53 | $1,512,978,622 | 6 / 7 |
| 2026-09-09 | $2.53 | $1,512,978,622 | 6 / 7 |
| 2026-09-10 | $2.53 | $1,512,978,622 | 6 / 7 |
| 2026-09-11 | $2.53 | $1,512,978,622 | 6 / 7 |
| 2026-09-12 | $2.53 | $1,512,580,760 | 6 / 7 |
| 2026-09-13 | $2.53 | $1,512,580,760 | 6 / 7 |
| 2026-09-14 | $2.53 | $1,512,580,760 | 6 / 7 |
| 2026-09-15 | $2.53 | $1,512,580,760 | 6 / 7 |
| 2026-09-16 | $2.53 | $1,512,580,760 | 6 / 7 |
| 2026-09-17 | $2.53 | $1,512,580,760 | 7 / 8 |
| 2026-09-18 | $2.53 | $1,512,580,760 | 7 / 8 |
| 2026-09-19 | $2.53 | $1,512,580,760 | 7 / 8 |
| 2026-09-20 | $2.53 | $1,512,580,760 | 7 / 8 |
| 2026-09-21 | $2.53 | $1,512,580,760 | 7 / 8 |
| 2026-09-22 | $2.53 | $1,512,580,760 | 7 / 8 |
| 2026-09-23 | $2.53 | $1,512,580,760 | 7 / 8 |
| 2026-09-24 | $2.53 | $1,512,580,760 | 7 / 8 |
| 2026-09-25 | $2.53 | $1,512,580,760 | 7 / 8 |
| 2026-09-26 | $2.53 | $1,512,580,760 | 7 / 8 |
| 2026-09-27 | $2.53 | $1,512,580,760 | 7 / 8 |
| 2026-09-28 | $2.53 | $1,512,580,760 | 7 / 8 |
| 2026-09-29 | $2.53 | $1,512,580,760 | 7 / 8 |
| 2026-09-30 | $2.53 | $1,512,580,760 | 7 / 8 |
| 2026-10-01 | $2.53 | $1,512,580,760 | 7 / 8 |
| 2026-10-02 | $2.53 | $1,512,580,760 | 7 / 8 |
| 2026-10-03 | $2.53 | $1,512,580,760 | 7 / 8 |
| 2026-10-04 | $2.53 | $1,512,580,760 | 7 / 8 |
| 2026-10-05 | $2.53 | $1,512,580,760 | 7 / 8 |
| 2026-10-06 | $2.53 | $1,512,580,760 | 7 / 8 |
| 2026-10-07 | $2.53 | $1,512,580,760 | 7 / 8 |
| 2026-10-08 | $2.53 | $1,512,580,760 | 7 / 8 |
| 2026-10-09 | $2.53 | $1,512,580,760 | 7 / 8 |
| 2026-10-10 | $2.53 | $1,512,580,760 | 7 / 8 |
| 2026-10-11 | $2.53 | $1,512,580,760 | 7 / 8 |
| 2026-10-12 | $2.53 | $1,512,580,760 | 7 / 8 |
| 2026-10-13 | $2.53 | $1,512,574,871 | 7 / 8 |
| 2026-10-14 | $2.53 | $1,511,294,941 | 7 / 8 |
| 2026-10-15 | $2.53 | $1,511,294,941 | 7 / 8 |
| 2026-10-16 | $2.53 | $1,511,323,159 | 7 / 8 |
| 2026-10-17 | $2.53 | $1,511,323,159 | 7 / 8 |
| 2026-10-18 | $2.53 | $1,511,323,159 | 7 / 8 |
| 2026-10-19 | $2.53 | $1,511,323,159 | 7 / 8 |
| 2026-10-20 | $2.53 | $1,511,323,159 | 7 / 8 |
| 2026-10-21 | $2.53 | $1,511,323,159 | 7 / 8 |
| 2026-10-22 | $2.53 | $1,511,323,159 | 7 / 8 |
| 2026-10-23 | $2.53 | $1,511,323,159 | 7 / 8 |
| 2026-10-24 | $2.53 | $1,511,323,159 | 7 / 8 |
| 2026-10-25 | $2.53 | $1,511,323,159 | 7 / 8 |
| 2026-10-26 | $2.53 | $1,511,323,159 | 7 / 8 |
| 2026-10-27 | $2.53 | $1,511,323,159 | 7 / 8 |
| 2026-10-28 | $2.53 | $1,511,323,159 | 7 / 8 |
| 2026-10-29 | $2.53 | $1,511,323,159 | 7 / 8 |
| 2026-10-30 | $2.53 | $1,511,323,159 | 7 / 8 |
| 2026-10-31 | $2.53 | $1,511,323,159 | 7 / 8 |
| 2026-11-01 | $2.53 | $1,511,323,159 | 7 / 8 |
| 2026-11-02 | $2.53 | $1,511,323,159 | 7 / 8 |
| 2026-11-03 | $2.53 | $1,511,323,159 | 7 / 8 |
| 2026-11-04 | $2.53 | $1,511,323,159 | 7 / 8 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 2 Buy / Strong Buy · 6 Hold · 3 Sell / Strong Sell
Recent actions · Oct 6–Nov 4 · 1 recorded
0 raises · 1 cuts · 0 unchanged · 0 without a comparable prior
Oct 6, 2026–Nov 4, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
4 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.