Stock Story -
Online reputation and search platform Yext (NYSE:YEXT) will be announcing earnings results tomorrow after market close. Here’s what to look for.
Yext met analysts’ revenue expectations last quarter, reporting revenues of $95.99 million, down 3.5% year on year. It was a slower quarter for the company, with a miss of analysts’ ARR (annual recurring revenue) estimates and underwhelming revenue guidance for the next quarter.
Is Yext a buy or sell going into earnings? Find out by reading the original article on StockStory, it’s free.
This quarter, analysts are expecting Yext’s revenue to decline 4.3% year on year to $98.14 million, a reversal from the 1.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.03 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Yext has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Yext’s peers in the sales and marketing software segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Semrush delivered year-on-year revenue growth of 21.8%, beating analysts’ expectations by 1.3%, and Zeta reported revenues up 32.6%, topping estimates by 7.2%. Semrush traded up 2% following the results while Zeta was also up 11.9%.
Read the full analysis of Semrush’s and Zeta’s results on StockStory.
There has been positive sentiment among investors in the sales and marketing software segment, with share prices up 10.2% on average over the last month. Yext is down 2.7% during the same time and is heading into earnings with an average analyst price target of $6.8 (compared to the current share price of $5.09).
