Yext Q1 revenue dips; expands share buyback
Yext Q1 revenue dips; expands share buyback
Overview
US agentic marketing platform's fiscal Q1 revenue declined yr/yr to $107.9 mln
Adjusted EPS for fiscal Q1 was $0.15
Company completed $140 mln share repurchase, expanded buyback authorization by $100 mln
Outlook
Company did not provide specific financial guidance for the current or upcoming periods
Result Drivers
OPERATIONAL EFFICIENCY - Co attributed Q1 profitability and cash generation to structural efficiency in operations
HIGHER-VALUE CUSTOMERS - Co said improving yr/yr growth in customers with ARR ≥$50K contributed to performance
Company press release: ID:nBw5PDjFPa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue |
| $107.90 mln |
|
Q1 Adjusted EPS |
| $0.15 |
|
Q1 Annual Recurring Revenue |
| $440.80 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "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 $7.00, about 52.5% above its June 1 closing price of $4.59
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 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.)