Yext, Inc. (NYSE:YEXT) Expected to Announce Earnings of -$0.07 Per Share

Wall Street brokerages expect that Yext, Inc. (NYSE:YEXTGet Rating) will announce ($0.07) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Yext’s earnings. The lowest EPS estimate is ($0.08) and the highest is ($0.07). Yext posted earnings per share of ($0.02) during the same quarter last year, which would indicate a negative year over year growth rate of 250%. The company is scheduled to announce its next earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Yext will report full year earnings of ($0.15) per share for the current year, with EPS estimates ranging from ($0.18) to ($0.10). For the next financial year, analysts anticipate that the business will report earnings of ($0.08) per share, with EPS estimates ranging from ($0.12) to ($0.01). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Yext.

Yext (NYSE:YEXTGet Rating) last posted its earnings results on Tuesday, March 8th. The company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.05. Yext had a negative net margin of 23.88% and a negative return on equity of 43.14%. The business had revenue of $100.93 million for the quarter, compared to the consensus estimate of $101.04 million. During the same period last year, the company earned ($0.15) EPS. The firm’s revenue was up 9.5% compared to the same quarter last year.

A number of equities research analysts have recently commented on the stock. MKM Partners reduced their price objective on shares of Yext from $17.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, March 10th. Truist Financial lowered shares of Yext from a “buy” rating to a “hold” rating and reduced their price objective for the company from $17.00 to $6.00 in a research note on Wednesday, March 9th. DA Davidson lowered shares of Yext from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $16.50 to $5.25 in a research note on Wednesday, March 9th. Zacks Investment Research lowered shares of Yext from a “buy” rating to a “hold” rating in a research note on Wednesday, March 16th. Finally, Needham & Company LLC lowered shares of Yext from a “buy” rating to a “hold” rating in a research note on Wednesday, March 9th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $9.29.

In other Yext news, CAO Darryl Bond sold 7,971 shares of the company’s stock in a transaction on Monday, March 21st. The shares were sold at an average price of $6.58, for a total transaction of $52,449.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider David Rudnitsky sold 11,638 shares of the company’s stock in a transaction on Monday, March 21st. The stock was sold at an average price of $6.58, for a total transaction of $76,578.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 95,002 shares of company stock worth $583,714. Corporate insiders own 12.40% of the company’s stock.

Several hedge funds have recently made changes to their positions in YEXT. Credit Suisse AG increased its holdings in Yext by 9.9% during the third quarter. Credit Suisse AG now owns 70,748 shares of the company’s stock worth $850,000 after buying an additional 6,400 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Yext by 334.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 437,723 shares of the company’s stock worth $4,342,000 after buying an additional 336,876 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Yext by 43.2% during the third quarter. Bank of New York Mellon Corp now owns 2,144,047 shares of the company’s stock worth $25,793,000 after buying an additional 646,612 shares during the last quarter. Needham Investment Management LLC increased its holdings in Yext by 37.3% during the fourth quarter. Needham Investment Management LLC now owns 700,000 shares of the company’s stock worth $6,944,000 after buying an additional 190,000 shares during the last quarter. Finally, Champlain Investment Partners LLC increased its holdings in Yext by 12.8% during the fourth quarter. Champlain Investment Partners LLC now owns 9,154,700 shares of the company’s stock worth $90,815,000 after buying an additional 1,041,502 shares during the last quarter. Institutional investors own 61.35% of the company’s stock.

YEXT traded up $0.17 during trading on Friday, reaching $5.16. 82,454 shares of the company’s stock were exchanged, compared to its average volume of 2,298,099. Yext has a one year low of $4.26 and a one year high of $15.17. The stock has a market capitalization of $676.92 million, a PE ratio of -7.04 and a beta of 1.48. The firm has a fifty day moving average price of $5.99 and a two-hundred day moving average price of $7.90.

About Yext (Get Rating)

Yext, Inc organizes business facts to provide answers to consumer questions in North America and internationally. It operates Yext platform, a cloud-based platform that allows its customers to provide answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews, as well as provides customers to update their information and content through its knowledge network of approximately 200 maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.

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