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- Yelp was to release its fourth quarter and full year results after market close on Wednesday.
- Analysts surveyed by Bloomberg were forecasting adjusted earnings per share of $ 0.36 on a turnover of $ 241.19 million for the last three months of 2018.
- Last quarter, the user-only website had collapsed after posting worse-than-expected full-year results and forecasts.
- Follow the Yelp action course here on Markets Insider.
Yelp was to publish its fourth quarter and full year results on the Wednesday following the close of the market.
Quarterly results come at a difficult time for the company as its shares are trading at 26% less than its recent peak and one of its biggest investors has publicly expressed frustration with the management of the user evaluation website.
Here's what Wall Street is waiting for, according to badysts surveyed by Bloomberg.
- Adjusted earnings per share: $ 0.36
- Returned: $ 241.19 million
Yelp shares have jumped 12% since the beginning of the year, but are trading 26% below their peak in 52 weeks last September. The title has struggled in recent years as competitors like Facebook entered the online critic sector.
In mid-January, SQN Investors LP, a Yelp investor, said in a public letter to the board that its "patience has run out" after "a history of frequent missteps in both strategic and operational terms, missed expectations and accurate revisions, and poor corporate governance that resulted in significant underperformance of the stock. "
Read more: One of Yelp's biggest investors said his patience was exhausted and that he was urging management to make changes or sell the company.
"Yelp is open to all ideas and investor participation, including from SQN," said Yelp in a statement to the letter. "The Board of Directors and the Nominating and Corporate Governance Committee are in the process, with the support of a nationally recognized research trustee company, to badist in this process. evaluate its composition and identify new board nominees to help us drive our strategy. "
Last quarter, Yelp's shares collapsed after the company released its third-quarter results and lower-than-expected year-over-year forecasts.
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