Zacks: Brokerages Expect Yext Inc (YEXT) to Post -$0.10 EPS

Equities research analysts expect that Yext Inc (NYSE:YEXT) will announce earnings of ($0.10) per share for the current quarter, Zacks reports. Six analysts have issued estimates for Yext’s earnings. The lowest EPS estimate is ($0.11) and the highest is ($0.08). Yext posted earnings per share of ($0.11) in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.1%. The business is expected 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 financial year, with EPS estimates ranging from ($0.43) to ($0.40). For the next year, analysts anticipate that the company will report earnings of ($0.36) per share, with EPS estimates ranging from ($0.48) to ($0.29). Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Yext.

Yext (NYSE:YEXT) last announced its quarterly earnings results on Wednesday, March 6th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.06. Yext had a negative net margin of 34.74% and a negative return on equity of 101.77%. The firm had revenue of $63.80 million during the quarter, compared to analysts’ expectations of $62.77 million. During the same period in the previous year, the company earned ($0.10) earnings per share. Yext’s quarterly revenue was up 32.9% compared to the same quarter last year.

A number of equities research analysts recently weighed in on YEXT shares. Zacks Investment Research cut shares of Yext from a “buy” rating to a “hold” rating in a research report on Thursday, March 28th. Morgan Stanley boosted their price target on shares of Yext from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Thursday, March 7th. SunTrust Banks reissued a “buy” rating and issued a $30.00 price target on shares of Yext in a research report on Monday, March 18th. Finally, Oppenheimer started coverage on shares of Yext in a research report on Thursday, January 24th. They issued an “outperform” rating and a $23.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $23.13.

In other news, insider Tom Christopher Dixon sold 5,000 shares of the company’s stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $14.85, for a total value of $74,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Howard Lerman sold 30,000 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $21.52, for a total transaction of $645,600.00. The disclosure for this sale can be found here. Insiders sold 642,850 shares of company stock valued at $12,483,001 over the last ninety days. Corporate insiders own 20.80% of the company’s stock.

Several large investors have recently made changes to their positions in YEXT. Capital International Investors purchased a new stake in shares of Yext in the third quarter valued at about $44,201,000. Renaissance Technologies LLC raised its holdings in shares of Yext by 159.7% in the third quarter. Renaissance Technologies LLC now owns 2,078,686 shares of the company’s stock valued at $49,265,000 after buying an additional 1,278,386 shares during the last quarter. Morgan Stanley raised its holdings in shares of Yext by 185.2% in the third quarter. Morgan Stanley now owns 1,009,392 shares of the company’s stock valued at $23,922,000 after buying an additional 655,428 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Yext by 11.3% in the fourth quarter. BlackRock Inc. now owns 5,810,456 shares of the company’s stock valued at $86,285,000 after buying an additional 588,161 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Yext in the fourth quarter valued at about $7,743,000. 53.85% of the stock is owned by institutional investors and hedge funds.

YEXT traded down $0.40 on Wednesday, reaching $21.18. The company had a trading volume of 47,434 shares, compared to its average volume of 1,266,262. Yext has a 1 year low of $12.40 and a 1 year high of $27.19. The stock has a market cap of $2.22 billion, a PE ratio of -27.78 and a beta of 0.94.

About Yext

Yext, Inc provides a knowledge engine platform that lets businesses manage their digital knowledge in the cloud and synchronize it to its knowledge network in North America and internationally. 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 knowledge Network of approximately 150 third-party maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.

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Earnings History and Estimates for Yext (NYSE:YEXT)

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