Yext (YEXT) Reports Q3: Everything You Need To Know Ahead Of Earnings
Online reputation and search platform Yext (NYSE:YEXT) will be reporting earnings tomorrow after the bell. Here's what to look for.
Last quarter Yext reported revenues of $102.6 million, up 1.7% year on year, in line with analyst expectations. It was a weak quarter for the company, with revenue guidance for next quarter falling below analysts' expectations. The company added 10 customers to a total of 2,980.
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 grow 2.9% year on year to $102.2 million, improving on the 0.3% year-over-year decline 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 twice over the last two years.
Looking at Yext's peers in the sales and marketing software segment, some of them have already reported Q3 earnings results, giving us a hint of what we can expect. SEMrush delivered top-line growth of 19.6% year on year, missing analyst estimates by 0% and PubMatic reported revenue decline of 1.3% year on year, exceeding estimates by 7.1%. SEMrush traded up 1.9% on the results, and PubMatic was up 12.2%.
Read our full analysis of SEMrush's results here and PubMatic's results here.
There has been positive sentiment among investors in the sales and marketing software segment, with the stocks up on average 14.3% over the last month. Yext is up 10.1% during the same time, and is heading into the earnings with analyst price target of $10.8, compared to share price of $6.8.
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The author has no position in any of the stocks mentioned.
