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Yext (YEXT) Soars 6.4%: Is Further Upside Left in the Stock?

Yext (YEXT) shares rallied 6.4% in the trading session on May 13 to close at $5.30. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 19.2% loss over the past four weeks.

The stock is benefiting from the company’s underlying strength in its business, driven by continued product growth and market expansion.

This software developer is expected to post quarterly loss of $0.07 per share in its upcoming report, which represents a year-over-year change of -250%. Revenues are expected to be $96.7 million, up 5.1% from the year-ago quarter.

While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For Yext, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on YEXT going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Yext is part of the Zacks Technology Services industry. Agora, Inc. Sponsored ADR (API), another stock in the same industry, closed the last trading session 11.1% higher at $6.61. API has returned -24.2% in the past month.

For Agora, Inc. Sponsored ADR , the consensus EPS estimate for the upcoming report has changed -2.9% over the past month to -$0.19. This represents a change of -35.7% from what the company reported a year ago. Agora, Inc. Sponsored ADR currently has a Zacks Rank of #4 (Sell).


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