Zacks: Analysts Anticipate Yext Inc (YEXT) Will Post Quarterly Sales of $53.67 Million
Wall Street analysts forecast that Yext Inc (NYSE:YEXT) will report $53.67 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Yext’s earnings. The highest sales estimate is $54.00 million and the lowest is $53.51 million. Yext posted sales of $40.77 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 31.6%. The firm is expected to issue its next earnings results after the market closes on Thursday, August 30th.
According to Zacks, analysts expect that Yext will report full year sales of $226.36 million for the current year, with estimates ranging from $226.08 million to $226.80 million. For the next financial year, analysts forecast that the business will report sales of $296.65 million per share, with estimates ranging from $289.72 million to $300.20 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Yext.
Yext (NYSE:YEXT) last posted its quarterly earnings data on Thursday, May 31st. The company reported ($0.11) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.01. Yext had a negative return on equity of 81.00% and a negative net margin of 37.24%. The company had revenue of $51.10 million for the quarter, compared to analyst estimates of $49.35 million. During the same period in the previous year, the firm earned ($0.13) earnings per share. The firm’s quarterly revenue was up 37.7% on a year-over-year basis.
Shares of YEXT opened at $23.78 on Friday. Yext has a 52-week low of $10.58 and a 52-week high of $24.48. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of -27.98 and a beta of 0.41.
In other news, CEO Howard Lerman sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 22nd. The stock was sold at an average price of $14.83, for a total transaction of $444,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Tom Christopher Dixon sold 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $14.83, for a total value of $185,375.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,189,757 shares of company stock worth $22,353,881. Insiders own 20.80% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in YEXT. BlueMountain Capital Management LLC bought a new stake in shares of Yext during the second quarter valued at approximately $118,000. MetLife Investment Advisors LLC bought a new stake in shares of Yext during the fourth quarter valued at approximately $140,000. BB&T Securities LLC bought a new stake in shares of Yext during the first quarter valued at approximately $180,000. UBS Group AG increased its holdings in shares of Yext by 42.2% during the first quarter. UBS Group AG now owns 17,577 shares of the company’s stock valued at $222,000 after acquiring an additional 5,217 shares in the last quarter. Finally, United Services Automobile Association bought a new stake in shares of Yext during the second quarter valued at approximately $223,000. Hedge funds and other institutional investors own 45.47% of the company’s stock.
Yext, Inc provides a knowledge engine platform that lets businesses manage their digital knowledge in the cloud in North America and Europe. 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 PowerListings Network of approximately 150 third-party maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.
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