Analysts expect Yext (NYSE:YEXT) to report earnings of ($0.12) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Yext’s earnings. The highest EPS estimate is ($0.12) and the lowest is ($0.13). Yext posted earnings per share of ($0.13) in the same quarter last year, which indicates a positive year-over-year growth rate of 7.7%. The firm is scheduled to report its next earnings results on Thursday, June 7th.
According to Zacks, analysts expect that Yext will report full-year earnings of ($0.45) per share for the current fiscal year, with EPS estimates ranging from ($0.46) to ($0.45). For the next fiscal year, analysts anticipate that the firm will post earnings of ($0.42) per share, with EPS estimates ranging from ($0.45) to ($0.39). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that cover Yext.
Yext (NYSE:YEXT) last announced its quarterly earnings data on Thursday, March 8th. The company reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.01). The company had revenue of $48.02 million for the quarter, compared to analyst estimates of $47.88 million. Yext had a negative return on equity of 69.04% and a negative net margin of 39.11%.
YEXT has been the topic of a number of recent research reports. Piper Jaffray restated a “buy” rating and issued a $16.00 price target on shares of Yext in a research report on Friday, March 9th. Zacks Investment Research downgraded shares of Yext from a “hold” rating to a “sell” rating in a research report on Wednesday, March 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Yext currently has a consensus rating of “Hold” and an average price target of $16.00.
In related news, President Brian Distelburger sold 8,160 shares of Yext stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $12.45, for a total value of $101,592.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Howard Lerman sold 30,000 shares of Yext stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $11.75, for a total transaction of $352,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 781,441 shares of company stock worth $9,555,456.
A number of large investors have recently modified their holdings of YEXT. Ontario Teachers Pension Plan Board lifted its position in Yext by 200.0% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 1,500,000 shares of the company’s stock valued at $18,045,000 after purchasing an additional 1,000,000 shares during the last quarter. Grand Jean Capital Management Inc. raised its position in shares of Yext by 602.5% during the 4th quarter. Grand Jean Capital Management Inc. now owns 621,293 shares of the company’s stock worth $7,474,000 after buying an additional 532,856 shares in the last quarter. BlackRock Inc. raised its position in shares of Yext by 73.5% during the 4th quarter. BlackRock Inc. now owns 1,257,040 shares of the company’s stock worth $15,122,000 after buying an additional 532,722 shares in the last quarter. Trustees of Princeton University bought a new stake in shares of Yext during the 4th quarter worth about $6,015,000. Finally, Clearbridge Investments LLC raised its position in shares of Yext by 124.1% during the 4th quarter. Clearbridge Investments LLC now owns 842,563 shares of the company’s stock worth $10,136,000 after buying an additional 466,631 shares in the last quarter. Hedge funds and other institutional investors own 38.78% of the company’s stock.
Shares of Yext stock traded down $0.41 during trading hours on Tuesday, reaching $13.10. The company’s stock had a trading volume of 578,519 shares, compared to its average volume of 640,219. Yext has a one year low of $10.58 and a one year high of $15.11. The company has a market cap of $1,240.74 and a P/E ratio of -15.41.
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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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