Analysts Expect Yext Inc (YEXT) Will Post Earnings of -$0.10 Per Share
Wall Street brokerages expect Yext Inc (NYSE:YEXT) to announce earnings per share (EPS) of ($0.10) for the current quarter, Zacks reports. Six analysts have made estimates for Yext’s earnings, with estimates ranging from ($0.11) to ($0.08). Yext posted earnings per share of ($0.11) during the same quarter last year, which suggests a positive year over year growth rate of 9.1%. The company is scheduled to issue its next earnings results on Thursday, May 30th.
According to Zacks, analysts expect that Yext will report full year earnings of ($0.41) per share for the current year, with EPS estimates ranging from ($0.43) to ($0.40). For the next year, analysts forecast that the firm will post earnings of ($0.36) per share, with EPS estimates ranging from ($0.48) to ($0.29). Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Yext.
Yext (NYSE:YEXT) last issued its quarterly earnings data on Wednesday, March 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.06. The business had revenue of $63.80 million during the quarter, compared to analyst estimates of $62.77 million. Yext had a negative net margin of 34.74% and a negative return on equity of 104.67%. The firm’s quarterly revenue was up 32.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.10) EPS.
Shares of NYSE YEXT opened at $22.13 on Monday. The company has a market capitalization of $2.35 billion, a P/E ratio of -29.12 and a beta of 0.89. Yext has a 1 year low of $11.70 and a 1 year high of $27.19.
In other Yext news, CEO Howard Lerman sold 3,509 shares of the firm’s stock in a transaction on Friday, December 21st. The stock was sold at an average price of $13.34, for a total transaction of $46,810.06. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Phillip M. Fernandez sold 2,000 shares of the firm’s stock in a transaction on Monday, January 14th. The shares were sold at an average price of $15.67, for a total value of $31,340.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 597,067 shares of company stock valued at $10,413,612. Insiders own 20.80% of the company’s stock.
A number of large investors have recently modified their holdings of the business. State Board of Administration of Florida Retirement System lifted its stake in Yext by 2.8% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 31,847 shares of the company’s stock valued at $473,000 after acquiring an additional 861 shares in the last quarter. FMR LLC lifted its stake in Yext by 10.5% during the 4th quarter. FMR LLC now owns 9,462 shares of the company’s stock valued at $141,000 after acquiring an additional 900 shares in the last quarter. American International Group Inc. lifted its stake in Yext by 1.7% during the 4th quarter. American International Group Inc. now owns 54,804 shares of the company’s stock valued at $814,000 after acquiring an additional 933 shares in the last quarter. Advisor Group Inc. raised its stake in shares of Yext by 4.7% during the 4th quarter. Advisor Group Inc. now owns 27,916 shares of the company’s stock worth $414,000 after purchasing an additional 1,263 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Yext by 5.0% during the 4th quarter. Legal & General Group Plc now owns 31,351 shares of the company’s stock worth $466,000 after purchasing an additional 1,502 shares during the period. Institutional investors and hedge funds own 53.71% of the company’s stock.
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.
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