Zacks: Brokerages Expect Yext, Inc. (NYSE:YEXT) Will Post Earnings of -$0.07 Per Share

Equities research analysts expect Yext, Inc. (NYSE:YEXT) to post ($0.07) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Yext’s earnings, with the lowest EPS estimate coming in at ($0.08) and the highest estimate coming in at ($0.07). Yext reported earnings per share of ($0.02) during the same quarter last year, which would suggest a negative year over year growth rate of 250%. The business is scheduled to announce its next earnings report on Thursday, December 2nd.

According to Zacks, analysts expect that Yext will report full year earnings of ($0.23) per share for the current year, with EPS estimates ranging from ($0.24) to ($0.22). For the next year, analysts anticipate that the company will report earnings of ($0.09) per share, with EPS estimates ranging from ($0.15) to ($0.04). Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow Yext.

Yext (NYSE:YEXT) last issued its earnings results on Wednesday, September 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.01. The business had revenue of $98.12 million during the quarter, compared to analysts’ expectations of $95.05 million. Yext had a negative net margin of 23.04% and a negative return on equity of 40.48%. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.07) earnings per share.

Several research firms have recently weighed in on YEXT. DA Davidson decreased their price objective on shares of Yext from $18.00 to $16.50 and set a “buy” rating for the company in a report on Friday, September 3rd. Morgan Stanley decreased their price objective on shares of Yext from $13.00 to $12.00 and set an “underweight” rating for the company in a report on Friday, September 3rd. Needham & Company LLC reissued a “buy” rating and set a $18.00 price objective on shares of Yext in a report on Friday, September 3rd. Finally, Zacks Investment Research cut shares of Yext from a “hold” rating to a “sell” rating in a report on Thursday, September 9th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Yext has a consensus rating of “Hold” and an average price target of $16.75.

In other Yext news, CAO Darryl Bond sold 2,338 shares of the company’s stock in a transaction that occurred on Monday, June 21st. The shares were sold at an average price of $13.79, for a total value of $32,241.02. Following the completion of the transaction, the chief accounting officer now directly owns 43,495 shares in the company, valued at $599,796.05. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Marc Ferrentino sold 5,471 shares of the company’s stock in a transaction that occurred on Monday, June 21st. The stock was sold at an average price of $13.79, for a total transaction of $75,445.09. Following the completion of the transaction, the insider now owns 31,288 shares of the company’s stock, valued at $431,461.52. The disclosure for this sale can be found here. Insiders have sold 80,737 shares of company stock valued at $1,121,150 over the last 90 days. 12.40% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of YEXT. US Bancorp DE bought a new position in shares of Yext during the second quarter worth $30,000. Quantbot Technologies LP bought a new position in shares of Yext during the first quarter worth $51,000. Dark Forest Capital Management LP bought a new position in shares of Yext during the second quarter worth $72,000. Russell Investments Group Ltd. bought a new position in shares of Yext during the first quarter worth $112,000. Finally, Teacher Retirement System of Texas bought a new position in shares of Yext during the second quarter worth $154,000. Hedge funds and other institutional investors own 69.17% of the company’s stock.

Shares of YEXT traded up $0.17 during mid-day trading on Wednesday, hitting $12.61. 25,652 shares of the company traded hands, compared to its average volume of 1,102,371. The stock has a 50-day moving average price of $12.95 and a two-hundred day moving average price of $13.82. Yext has a 1 year low of $11.77 and a 1 year high of $20.23. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of -17.94 and a beta of 1.41.

About Yext

Yext, Inc is an emerging growth company engages in software development. It offers a cloud-based digital knowledge platform, which allows businesses manage their digital knowledge in the cloud such as financial information, resources and performance of these resources on a consolidated basis and sync it to other application such as Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri and Yelp.

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Earnings History and Estimates for Yext (NYSE:YEXT)

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