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Forbes Earnings Preview: Yelp

Yelp Yelp (YELP) is expected to book a narrower loss than a year ago when it reports first quarter earnings on Wednesday, May 1, 2013 with analysts expecting a loss of 5 cents per share, up from a loss of 31 cents per share a year ago.

The consensus estimate has narrowed from a loss of 6 cents over the past month. The consensus estimate has decreased from a loss of 2 cents over the past three months. Analysts are expecting a loss of 4 cents per share for the fiscal year. Revenue is expected to be $44.6 million for the quarter, 62.8% higher than the year-earlier total of $27.4 million. For the year, revenue is projected to roll in at $211.8 million.

Most analysts think investors should stand pat on Yelp, with eight of 13 analysts rating it hold. Analysts have grown increasingly optimistic about the stock in the last three months.

Earnings estimates provided by Zacks.

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