-$0.15 EPS Expected for Yext Inc (NYSE:YEXT) This Quarter

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Equities research analysts expect Yext Inc (NYSE:YEXT) to report earnings of ($0.15) per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Yext’s earnings, with estimates ranging from ($0.15) to ($0.14). Yext posted earnings per share of ($0.03) during the same quarter last year, which would suggest a negative year-over-year growth rate of 400%. The business is expected to announce its next quarterly earnings results on Wednesday, March 4th.

According to Zacks, analysts expect that Yext will report full-year earnings of ($0.51) per share for the current financial year, with EPS estimates ranging from ($0.52) to ($0.50). For the next year, analysts expect that the business will report earnings of ($0.46) per share, with EPS estimates ranging from ($0.52) to ($0.41). Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Yext.

Yext (NYSE:YEXT) last announced its quarterly earnings results on Thursday, December 5th. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.32) by $0.13. The firm had revenue of $76.40 million for the quarter, compared to analyst estimates of $76.37 million. Yext had a negative return on equity of 56.29% and a negative net margin of 37.85%. The business’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.12) earnings per share.

A number of research analysts have commented on YEXT shares. Royal Bank of Canada cut their target price on shares of Yext from $24.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, December 6th. JPMorgan Chase & Co. lowered their price target on shares of Yext from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Friday, December 6th. Berenberg Bank set a $27.00 price objective on shares of Yext and gave the company a “buy” rating in a research note on Wednesday, September 4th. SunTrust Banks dropped their price objective on shares of Yext from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, December 6th. Finally, Zacks Investment Research lowered shares of Yext from a “buy” rating to a “strong sell” rating in a report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $20.56.

In other news, CTO Tom Christopher Dixon sold 9,167 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $16.56, for a total transaction of $151,805.52. Also, insider Jim Steele sold 5,000 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $17.42, for a total value of $87,100.00. Following the sale, the insider now owns 79,103 shares of the company’s stock, valued at approximately $1,377,974.26. The disclosure for this sale can be found here. Insiders sold 597,699 shares of company stock worth $9,556,505 in the last quarter. 17.00% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Yext by 23.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,015 shares of the company’s stock valued at $80,000 after buying an additional 948 shares in the last quarter. Prudential Financial Inc. grew its holdings in Yext by 10.3% during the 2nd quarter. Prudential Financial Inc. now owns 15,053 shares of the company’s stock worth $302,000 after acquiring an additional 1,400 shares in the last quarter. Aperio Group LLC acquired a new position in Yext during the 2nd quarter worth approximately $30,000. California State Teachers Retirement System increased its position in shares of Yext by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 144,848 shares of the company’s stock valued at $2,302,000 after purchasing an additional 1,730 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in Yext by 22.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 14,328 shares of the company’s stock valued at $288,000 after acquiring an additional 2,622 shares during the period. Hedge funds and other institutional investors own 61.90% of the company’s stock.

NYSE:YEXT traded down $0.10 during mid-day trading on Tuesday, reaching $14.39. The company’s stock had a trading volume of 334,857 shares, compared to its average volume of 923,718. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.52. Yext has a 1 year low of $12.83 and a 1 year high of $23.32. The stock has a fifty day moving average of $15.66 and a 200-day moving average of $17.67. The firm has a market capitalization of $1.64 billion, a PE ratio of -18.93 and a beta of 1.29.

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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