In 1Q17, Yelp’s advertising revenues rose 24.0% year-over-year to $177.0 million.
Year-to-date through June 9, Yelp (YELP) stock has fallen 21.9%. However, Yelp’s 1Q17 EPS of $0.19 was an impressive beat of analysts’ EPS expectations of -$0.08.
Kroger (KR) reported an in-line profit of $0.58 per share and topped revenue expectations for fiscal 1Q18. But its comps dropped 0.2%.
Kroger’s top line improved 4.9% YoY (year-over-year) in fiscal 1Q18, reaching ~$36.3 billion, which beat the Wall Street expectation of a 3.4% increase.
Kroger’s margins have been under pressure from rising competition and deflation over the past couple of quarters.
Kroger (KR) reported its financial results for fiscal 1Q18 on June 15, recording in-line earnings and better-than-consensus top-line forecasts.
Zynga (ZNGA) has been experiencing headwinds in its advertising business, and softness in the segment is limiting revenue and earnings improvements.
Zynga draws about one-quarter of its overall revenue from advertising-related operations, which makes advertising a vital source of income for the company.
Zynga’s current book value per share of $1.78 compares with its expected book value per share of $1.78.
In 1Q17, Zynga repurchased $86.2 million worth of its own stock, after repurchasing $30.2 million worth of its own stock in 4Q16.
As of June 9, Zynga’s (ZNGA) shares had risen 44.4% since the start of 2017, with the stock’s best month so far being May.
Morgan Stanley’s new target price for Zynga stock implies an upside potential of about 20.0%.
As of June 12, 2017, AT&T (T) was the largest US telecommunications player by market capitalization at ~$240.2 billion, followed by Verizon (VZ) at ~$192.5 billion.
On June 14, the Groupon stock returned 2.27% on a volume of 7.04 million and closed at $3.15. It has returned -7.89% in the trailing-one-month period.
During 1Q17, Groupon spent an aggregate of $26.0 million to repurchase 7.3 million shares.
Ten analysts have rated Groupon stock as a “buy,” while 20 have rated it “neutral,” and seven have rated it as a “sell.”
Groupon (GRPN) has yet to impress in terms of revenue growth, despite its investments in marketing efforts both online and offline.
After an unsuccessful international expansion, Groupon (GRPN) has pulled out of overseas markets to pursue a narrowed strategic focus on North America.
When Groupon reported 1Q17 earnings, it warned that its 2Q17 EBITDA would likely decline sequentially. It posted adjusted EBITDA of $44.8 million in 1Q17.
On June 7, 2017, AT&T was the largest US telecom player by market capitalization at ~$238.3 billion, followed by Verizon at ~$189.7 billion.