Yext (YEXT) To Report Earnings Tomorrow: Here Is What To Expect
Online reputation and search platform Yext (NYSE:YEXT) will be reporting results tomorrow after market hours. Here's what to look for.
Last quarter Yext reported revenues of $101.2 million, up 1.9% year on year, missing analyst expectations by 1%. It was a weak quarter for the company, with underwhelming revenue guidance for the next quarter and a miss of analysts' revenue estimates.
Is Yext buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Yext's revenue to decline 0.9% year on year to $101 million, a deceleration on the 1% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.07 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates three times over the last two years.
Looking at Yext's peers in the sales and marketing software segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. SEMrush delivered top-line growth of 21.2% year on year, beating analyst estimates by 0.3% and Shopify reported revenues up 23.6% year on year, exceeding estimates by 3.4%. Shopify was down 8.3%, and SEMrush was down 9.2%.
Read our full analysis of SEMrush's results here and Shopify's results here.
There has been positive sentiment among investors in the sales and marketing software segment, with the stocks up on average 2.6% over the last month. Yext is up 3.4% during the same time, and is heading into the earnings with analyst price target of $7.8, compared to share price of $6.14.
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