Zacks: Analysts Expect Yext, Inc. (NYSE:YEXT) Will Announce Quarterly Sales of $98.08 Million

Wall Street analysts forecast that Yext, Inc. (NYSE:YEXT) will post sales of $98.08 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Yext’s earnings, with the lowest sales estimate coming in at $97.74 million and the highest estimate coming in at $98.50 million. Yext posted sales of $89.06 million during the same quarter last year, which suggests a positive year over year growth rate of 10.1%. The firm is scheduled to report its next earnings report on Thursday, December 2nd.

On average, analysts expect that Yext will report full-year sales of $387.24 million for the current year, with estimates ranging from $386.90 million to $387.80 million. For the next financial year, analysts anticipate that the firm will post sales of $440.14 million, with estimates ranging from $431.90 million to $453.70 million. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Yext.

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

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

Yext stock traded up $0.17 during trading hours on Friday, hitting $12.61. The stock had a trading volume of 25,652 shares, compared to its average volume of 1,102,371. The company has a 50-day moving average of $12.95 and a two-hundred day moving average of $13.82. The company has a market cap of $1.61 billion, a PE ratio of -17.94 and a beta of 1.41. Yext has a fifty-two week low of $11.77 and a fifty-two week high of $20.23.

In related news, COO Brian Distelburger sold 16,001 shares of the firm’s stock in a transaction on Wednesday, June 23rd. The stock was sold at an average price of $15.00, for a total transaction of $240,015.00. Following the sale, the chief operating officer now owns 3,044,425 shares of the company’s stock, valued at approximately $45,666,375. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Darryl Bond sold 22,864 shares of Yext stock in a transaction dated Tuesday, September 7th. The shares were sold at an average price of $12.79, for a total value of $292,430.56. Following the completion of the sale, the chief accounting officer now directly owns 18,231 shares in the company, valued at approximately $233,174.49. The disclosure for this sale can be found here. In the last three months, insiders sold 80,737 shares of company stock worth $1,121,150. 12.40% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE bought a new position in shares of Yext in the 2nd quarter valued at about $30,000. Quantbot Technologies LP bought a new position in shares of Yext in the 1st quarter valued at about $51,000. Dark Forest Capital Management LP bought a new position in shares of Yext in the 2nd quarter valued at about $72,000. Russell Investments Group Ltd. bought a new position in shares of Yext in the 1st quarter valued at about $112,000. Finally, Teacher Retirement System of Texas bought a new position in shares of Yext in the 2nd quarter valued at about $154,000. 69.17% of the stock is currently owned by hedge funds and other institutional investors.

Yext Company Profile

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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