Yext Inc reports results for the quarter ended in April - Earnings Summary

Yext

10/06/2024 22:22

* Yext Inc  YEXT.N  reported quarterly adjusted earnings of
5
cents​​ per share for the quarter ended in April, lower than the
same quarter last year, when the company reported EPS of 9
cents.  The mean expectation of four analysts for the quarter
was for earnings of 6 cents per share. Wall Street expected
results to range from 4 cents to 7 cents per share.
    * Revenue fell 3.5% to $95.99 million from a year ago;
analysts
expected $96.33 million. 
    * Yext Inc's reported EPS for the quarter was a loss of 3
cents​.
    * The company reported a quarterly loss of $3.82 million.
    * Yext Inc shares had fallen by 14.6% this quarter and
lost 12.6%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "hold"

Wall Street's median 12-month price target for Yext Inc is $8.00
This summary was machine generated from LSEG data June 10 at
09:22 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2024      0.06           0.05           Missed
 Jan. 31 2024      0.07           0.10           Beat
 Oct. 31 2023      0.07           0.09           Beat
 Jul. 31 2023      0.06           0.06           Met