Yext Q2 adjusted EPS rises on platform expansion
Yext Q2 adjusted EPS rises on platform expansion
Overview
US marketing platform's Q2 revenue declined 2% yr/yr to $111.1 mln
Adjusted EPS for Q2 rose to $0.21
Company completed GoShine acquisition, expanding platform to brand-level AI search visibility
Outlook
Company expects momentum in enterprise ARR growth to continue into the third quarter
Yext sees industry shift toward agentic AI as a positive market tailwind
Result Drivers
ENTERPRISE COHORT RETENTION - Co said growth in enterprise ARR customer cohort accelerated, driven by improved retention and expansion
PLATFORM EXPANSION - Completed GoShine acquisition, expanding platform to brand-level visibility optimization for AI search
AI PRODUCT DEVELOPMENT - Released prototype of Corvo AI, a conversational platform for small business owners
Company press release: ID:nBw33rRx0a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Slight Miss* | $111.10 mln | $111.30 mln (1 Analyst) |
Q2 Adjusted EPS | Beat | $0.21 | $0.17 (1 Analyst) |
Q2 Annual Recurring Revenue |
| $440.80 mln |
|
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "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 $5.00, about 26.1% below its August 31 closing price of $6.77
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 7 three months ago
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(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.)