Yext (NYSE:YEXT) Issues FY20 Earnings Guidance

Yext (NYSE:YEXT) issued an update on its FY20 earnings guidance on Thursday morning. The company provided EPS guidance of $(0.43)-(0.41) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.41). The company issued revenue guidance of $299-301 million, compared to the consensus revenue estimate of $299.74 million.Yext also updated its FY 2020 guidance to $-0.43–0.41 EPS.

Yext stock traded down $2.01 during trading hours on Friday, reaching $16.33. 2,351,689 shares of the stock were exchanged, compared to its average volume of 559,490. The stock has a market cap of $2.02 billion, a P/E ratio of -21.49 and a beta of 1.14. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.14 and a current ratio of 2.14. Yext has a 52-week low of $12.90 and a 52-week high of $27.19. The firm’s 50 day moving average is $20.14 and its 200 day moving average is $20.36.

Yext (NYSE:YEXT) last announced its quarterly earnings results on Thursday, August 29th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.04). The company had revenue of $72.37 million during the quarter, compared to analysts’ expectations of $71.86 million. Yext had a negative net margin of 32.59% and a negative return on equity of 68.88%. The business’s revenue for the quarter was up 31.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.10) EPS. Equities research analysts expect that Yext will post -0.84 EPS for the current fiscal year.

YEXT has been the subject of a number of research analyst reports. SunTrust Banks set a $30.00 price target on shares of Yext and gave the company a buy rating in a report on Monday. Zacks Investment Research downgraded shares of Yext from a buy rating to a hold rating in a report on Saturday, August 3rd. Finally, ValuEngine downgraded shares of Yext from a strong-buy rating to a buy rating in a report on Friday, May 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of Buy and an average price target of $23.50.

In other news, CFO Steven Cakebread sold 10,000 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $18.25, for a total value of $182,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tom Christopher Dixon sold 22,898 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $20.11, for a total transaction of $460,478.78. The disclosure for this sale can be found here. Insiders sold a total of 586,197 shares of company stock valued at $11,703,233 in the last quarter. Insiders own 17.00% of the company’s stock.

About Yext

Yext, Inc provides a knowledge engine platform that lets businesses manage their digital knowledge in the cloud and synchronize it to its knowledge network in North America and internationally. 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 knowledge Network of approximately 150 third-party maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.

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Earnings History and Estimates for Yext (NYSE:YEXT)

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