Yelp (NYSE: YELP) reported earnings on May 1. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q1), Yelp beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded significantly. Non-GAAP earnings per share grew. GAAP loss per share dropped.

Margins increased across the board.

Revenue details
 Yelp booked revenue of $46.1 million. The 17 analysts polled by S&P Capital IQ hoped for revenue of $44.5 million on the same basis. GAAP reported sales were 68% higher than the prior-year quarter's $27.4 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.01. The 11 earnings estimates compiled by S&P Capital IQ anticipated -$0.01 per share. Non-GAAP EPS were $0.01 for Q1 versus -$0.31 per share for the prior-year quarter. GAAP EPS were -$0.08 for Q1 compared to -$0.31 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 92.8%, 60 basis points better than the prior-year quarter. Operating margin was -8.4%, much better than the prior-year quarter. Net margin was -10.4%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $53.2 million. On the bottom line, the average EPS estimate is $0.03.

Next year's average estimate for revenue is $218.8 million. The average EPS estimate is $0.14.

Investor sentiment
 The stock has a one-star rating (out of five) at Motley Fool CAPS, with 56 members out of 338 rating the stock outperform, and 282 members rating it underperform. Among 119 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), eight give Yelp a green thumbs-up, and 111 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Yelp is hold, with an average price target of $24.57.

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