Analysts Anticipate Yext Inc (YEXT) to Announce -$0.10 Earnings Per Share

Equities analysts predict that Yext Inc (NYSE:YEXT) will announce ($0.10) earnings per share for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Yext’s earnings, with the highest EPS estimate coming in at ($0.08) and the lowest estimate coming in at ($0.11). Yext reported earnings of ($0.11) per share in the same quarter last year, which indicates a positive year over year growth rate of 9.1%. The firm is expected to report 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 anticipate that the business will report earnings of ($0.36) per share, with EPS estimates ranging from ($0.48) to ($0.29). Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Yext.

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

YEXT has been the subject of several recent research reports. Morgan Stanley cut shares of Yext from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $18.00 to $15.00 in a research report on Tuesday, January 15th. Oppenheimer initiated coverage on shares of Yext in a research report on Thursday, January 24th. They set an “outperform” rating and a $23.00 target price for the company. SunTrust Banks reiterated a “buy” rating and set a $30.00 target price on shares of Yext in a research report on Monday, March 18th. Finally, Zacks Investment Research cut shares of Yext from a “buy” rating to a “hold” rating and set a $23.00 target price for the company. in a research report on Saturday, April 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $23.13.

In related news, CEO Howard Lerman sold 30,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $21.81, for a total value of $654,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Brian Distelburger sold 110,000 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $20.38, for a total transaction of $2,241,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,105,533 shares of company stock valued at $22,878,361. 20.80% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in YEXT. Wells Fargo & Company MN boosted its stake in Yext by 4.6% in the 3rd quarter. Wells Fargo & Company MN now owns 88,458 shares of the company’s stock worth $2,097,000 after purchasing an additional 3,897 shares during the period. Bank of New York Mellon Corp boosted its stake in Yext by 7.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 400,284 shares of the company’s stock worth $9,486,000 after purchasing an additional 26,777 shares during the period. FMR LLC acquired a new position in Yext in the 3rd quarter worth $203,000. Man Group plc acquired a new position in shares of Yext during the 3rd quarter worth about $610,000. Finally, MetLife Investment Advisors LLC boosted its stake in shares of Yext by 55.2% during the 3rd quarter. MetLife Investment Advisors LLC now owns 58,005 shares of the company’s stock worth $1,375,000 after buying an additional 20,620 shares during the last quarter. 53.84% of the stock is owned by hedge funds and other institutional investors.

Shares of Yext stock traded down $0.39 on Friday, hitting $20.96. 32,687 shares of the company’s stock traded hands, compared to its average volume of 979,520. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of -28.14 and a beta of 0.89. Yext has a one year low of $12.90 and a one year high of $27.19.

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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