Zacks: Analysts Anticipate Yext (YEXT) to Post -$0.12 Earnings Per Share

Wall Street brokerages forecast that Yext (NYSE:YEXT) will post earnings per share of ($0.12) for the current quarter, Zacks reports. Two analysts have issued estimates for Yext’s earnings, with estimates ranging from ($0.13) to ($0.12). Yext posted earnings of ($0.13) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.7%. The firm is expected to report its next quarterly earnings report on Thursday, June 7th.

According to Zacks, analysts expect that Yext will report full year earnings of ($0.45) per share for the current fiscal year, with EPS estimates ranging from ($0.46) to ($0.45). For the next fiscal year, analysts anticipate that the firm will report earnings of ($0.42) per share, with EPS estimates ranging from ($0.45) to ($0.39). Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Yext.

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Yext (NYSE:YEXT) last announced its quarterly earnings data on Thursday, March 8th. The company reported ($0.18) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.01). The firm had revenue of $48.02 million during the quarter, compared to the consensus estimate of $47.88 million. Yext had a negative net margin of 39.11% and a negative return on equity of 69.04%.

YEXT has been the topic of a number of recent research reports. KeyCorp reiterated a “buy” rating and issued a $16.00 price objective on shares of Yext in a research report on Sunday, December 10th. Zacks Investment Research lowered Yext from a “hold” rating to a “sell” rating in a research report on Wednesday, March 14th. Finally, Piper Jaffray restated a “buy” rating and issued a $16.00 price target on shares of Yext in a research report on Friday, March 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $16.00.

In other Yext news, Director Andrew T. Sheehan acquired 1,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 21st. The shares were acquired at an average price of $12.00 per share, with a total value of $12,000,000.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Steven Cakebread sold 20,000 shares of the firm’s stock in a transaction on Thursday, April 5th. The stock was sold at an average price of $12.33, for a total value of $246,600.00. The disclosure for this sale can be found here. Insiders sold a total of 793,941 shares of company stock worth $9,593,632 over the last 90 days.

A number of institutional investors have recently modified their holdings of the stock. American International Group Inc. raised its stake in shares of Yext by 94.5% in the 4th quarter. American International Group Inc. now owns 15,811 shares of the company’s stock valued at $190,000 after purchasing an additional 7,683 shares during the period. Grace & White Inc. NY acquired a new stake in shares of Yext in the 4th quarter valued at about $126,000. Teacher Retirement System of Texas acquired a new stake in shares of Yext in the 4th quarter valued at about $131,000. The Manufacturers Life Insurance Company raised its stake in shares of Yext by 129.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 20,104 shares of the company’s stock valued at $242,000 after purchasing an additional 11,335 shares during the period. Finally, MetLife Investment Advisors LLC acquired a new stake in shares of Yext in the 4th quarter valued at about $140,000. 38.78% of the stock is currently owned by institutional investors and hedge funds.

YEXT traded down $0.06 during mid-day trading on Friday, reaching $12.39. The stock had a trading volume of 368,303 shares, compared to its average volume of 832,603. The firm has a market capitalization of $1,130.35 and a price-to-earnings ratio of -14.58. Yext has a 52 week low of $10.58 and a 52 week high of $15.11.

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About Yext

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

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