![]() Source: Figures sourced from Yelp Form 10-Q: Q2 2022. This was driven by a 17% increase in revenue over this period:įrom a balance sheet standpoint, Yelp has seen a decrease in its quick ratio over the past six months (measured as cash and cash equivalents plus accounts receivable all over total current liabilities): On a six-month ended basis, Yelp saw a strong rebound in earnings (both basic and diluted) from -$0.02 per share in June 2021 to $0.10 per share in June 2022. The purpose of this article is to investigate whether the stock has the potential to trail higher from here. Investment Thesis: I take a long-term bullish view on Yelp (YELP) as a result of strong growth in net revenue and earnings, along with an attractive EV/EBITDA ratio and a healthy cash position.Īs a leading business review site - Yelp saw a decline in the past year before seeing a significant rebound in price on the back of strong Q2 2022 results: ![]() Yelp has seen strong growth in earnings and advertising revenue in the most recent quarter.Īdditionally, the company has still managed its cash flow effectively.įor these reasons, I take a long-term bullish view on Yelp.
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