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YEXT — Yext News Story

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Brief: Yext Q2 EPS USD 0.22

Overview

Yext fiscal Q2 rev grows 16% yr/yr, beating analyst expectations, per LSEG data

Adjusted net income for fiscal Q2 beats consensus, per LSEG data

CEO had proposed acquisition of outstanding shares of co at $9.00 per share in cash

Outlook

Yext declines to provide guidance due to pending acquisition proposal

Result Drivers

HEARSAY INTEGRATION - Revenue growth driven by integration of Hearsay Systems, contributing to 16% yr/yr increase

EXPENSE MANAGEMENT - Operating expenses reduced to 49% of revenue from 85% in prior yr, aiding profitability

ARR GROWTH - Annual recurring revenue rose 15% yr/yr, aided by direct customer growth and favorable currency effects

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 RevenueBeat$113.10 mln$111.20 mln (4 Analysts)
Q2 EPS$0.22
Q2 Adjusted Net IncomeBeat$16.30 mln$15.70 mln (4 Analysts)
Q2 Net Income$26.80 mln
Q2 Gross Margin75.2%
Q2 Annual Recurring Revenue$444.40 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell" The average consensus recommendation for the online services peer group is "buy" Wall Street's median 12-month price target for Yext Inc is $9.75, about 8.2% above its September 5 closing price of $8.95 The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 13 three months ago Press Release: ID:nBw8Nmq8na (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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