Zacks: Analysts Expect Yext Inc (YEXT) Will Post Quarterly Sales of $47.88 Million

Equities research analysts forecast that Yext Inc (NYSE:YEXT) will report sales of $47.88 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Yext’s earnings, with the highest sales estimate coming in at $48.10 million and the lowest estimate coming in at $47.66 million. The business is scheduled to report its next quarterly earnings results on Thursday, March 1st.

According to Zacks, analysts expect that Yext will report full year sales of $47.88 million for the current financial year, with estimates ranging from $169.84 million to $170.28 million. For the next year, analysts forecast that the firm will report sales of $222.97 million per share, with estimates ranging from $219.52 million to $225.80 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Yext.

Yext (NYSE:YEXT) last posted its quarterly earnings results on Thursday, November 30th. The company reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.01). Yext had a negative net margin of 40.63% and a negative return on equity of 157.17%.

Several research analysts have commented on YEXT shares. KeyCorp reissued a “buy” rating and set a $16.00 target price on shares of Yext in a research note on Thursday, November 30th. BidaskClub raised Yext from a “sell” rating to a “hold” rating in a research note on Saturday, November 4th. Finally, Zacks Investment Research raised Yext from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Yext presently has an average rating of “Hold” and a consensus target price of $16.20.

In other news, CEO Howard Lerman sold 30,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $10.75, for a total transaction of $322,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Tom Christopher Dixon sold 12,500 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $10.78, for a total value of $134,750.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 627,920 shares of company stock valued at $7,641,663.

Large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada bought a new stake in shares of Yext during the second quarter worth about $100,000. Grace & White Inc. NY bought a new stake in shares of Yext during the fourth quarter worth about $126,000. Teacher Retirement System of Texas bought a new stake in shares of Yext during the fourth quarter worth about $131,000. Cubist Systematic Strategies LLC bought a new stake in Yext in the second quarter valued at approximately $146,000. Finally, Rhumbline Advisers bought a new stake in Yext in the second quarter valued at approximately $164,000. Institutional investors own 27.98% of the company’s stock.

Yext (YEXT) traded up $0.62 during mid-day trading on Friday, reaching $11.56. The company had a trading volume of 368,577 shares, compared to its average volume of 476,053. The firm has a market capitalization of $1,050.00 and a P/E ratio of -12.30. Yext has a fifty-two week low of $10.58 and a fifty-two week high of $15.11.

ILLEGAL ACTIVITY WARNING: This article was first published by Markets Daily and is owned by of Markets Daily. If you are reading this article on another website, it was illegally stolen and reposted in violation of international trademark & copyright laws. The legal version of this article can be accessed at https://www.themarketsdaily.com/2018/02/15/zacks-analysts-expect-yext-inc-yext-will-post-quarterly-sales-of-47-88-million.html.

About Yext

Yext Inc is a knowledge engine provider. Yext puts business on the map. The Yext Knowledge Engine enables companies to manage their digital knowledge in the cloud and sync it to over 100 services in the PowerListings Network, including Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri and Yelp.

Get a free copy of the Zacks research report on Yext (YEXT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Yext Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yext and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply