Zacks: Analysts Anticipate Yext Inc (YEXT) Will Post Earnings of -$0.12 Per Share

Share on StockTwits

Analysts predict that Yext Inc (NYSE:YEXT) will announce earnings per share of ($0.12) for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Yext’s earnings, with the highest EPS estimate coming in at ($0.12) and the lowest estimate coming in at ($0.13). Yext also reported earnings per share of ($0.12) in the same quarter last year. The company is scheduled to issue its next quarterly earnings results on Thursday, November 29th.

According to Zacks, analysts expect that Yext will report full year earnings of ($0.42) per share for the current financial year, with EPS estimates ranging from ($0.43) to ($0.41). For the next fiscal year, analysts forecast that the business will report earnings of ($0.40) per share, with EPS estimates ranging from ($0.42) to ($0.37). Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Yext.

Yext (NYSE:YEXT) last released its quarterly earnings results on Thursday, August 30th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. Yext had a negative net margin of 36.92% and a negative return on equity of 91.20%. The firm had revenue of $55.10 million for the quarter, compared to analysts’ expectations of $53.67 million.

YEXT has been the topic of a number of research analyst reports. Morgan Stanley reissued a “hold” rating and issued a $26.00 price target (up previously from $15.00) on shares of Yext in a research note on Tuesday, September 18th. Zacks Investment Research cut shares of Yext from a “buy” rating to a “hold” rating in a research note on Wednesday, August 1st. SunTrust Banks started coverage on shares of Yext in a research note on Monday, August 13th. They issued a “buy” rating on the stock. DA Davidson started coverage on Yext in a report on Monday, October 8th. They issued a “buy” rating and a $28.00 price objective on the stock. Finally, KeyCorp restated a “hold” rating on shares of Yext in a report on Thursday, August 30th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Yext currently has a consensus rating of “Hold” and an average target price of $24.00.

In other Yext news, President Brian Distelburger sold 1,318 shares of the firm’s stock in a transaction on Friday, September 21st. The stock was sold at an average price of $24.87, for a total value of $32,778.66. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Howard Lerman sold 30,000 shares of Yext stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $21.46, for a total value of $643,800.00. The disclosure for this sale can be found here. Insiders sold a total of 854,394 shares of company stock worth $19,970,791 in the last 90 days. 20.80% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Spark Investment Management LLC raised its holdings in shares of Yext by 387.9% during the 2nd quarter. Spark Investment Management LLC now owns 491,800 shares of the company’s stock worth $9,511,000 after acquiring an additional 391,000 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Yext during the 2nd quarter worth $1,015,000. Catalyst Capital Advisors LLC purchased a new position in shares of Yext during the 2nd quarter worth $874,000. Strs Ohio purchased a new position in shares of Yext during the 2nd quarter worth $1,119,000. Finally, Sei Investments Co. purchased a new position in shares of Yext during the 2nd quarter worth $1,430,000. Institutional investors and hedge funds own 52.83% of the company’s stock.

Yext stock opened at $18.46 on Wednesday. Yext has a 1 year low of $10.58 and a 1 year high of $27.19. The firm has a market capitalization of $1.79 billion, a P/E ratio of -21.72 and a beta of 0.83.

Yext Company Profile

Yext, Inc provides a knowledge engine platform that lets businesses manage their digital knowledge in the cloud in North America and Europe. The company offers Yext Knowledge Engine, a cloud-based global platform that enables businesses to control and manage their digital knowledge and make it available through its PowerListings Network of approximately 150 third-party maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.

Featured Article: Institutional Investors

Get a free copy of the Zacks research report on Yext (YEXT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Yext Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yext and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply