Yext Inc (YEXT) Expected to Announce Earnings of -$0.12 Per Share

Analysts forecast that Yext Inc (NYSE:YEXT) will announce ($0.12) earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Yext’s earnings. The highest EPS estimate is ($0.11) and the lowest is ($0.12). The firm is scheduled to announce its next earnings report on Thursday, March 1st.

On average, analysts expect that Yext will report full year earnings of ($0.49) per share for the current year, with EPS estimates ranging from ($0.50) to ($0.49). For the next year, analysts forecast that the business will post earnings of ($0.47) per share, with EPS estimates ranging from ($0.49) to ($0.44). Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Yext.

A number of research analysts recently weighed in on the stock. KeyCorp reissued a “buy” rating and set a $16.00 price target on shares of Yext in a research report on Sunday, December 10th. Zacks Investment Research raised shares of Yext from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. BidaskClub upgraded shares of Yext from a “sell” rating to a “hold” rating in a report on Saturday, November 4th. Piper Jaffray Companies restated a “buy” rating and set a $17.00 price objective on shares of Yext in a report on Thursday, October 12th. Finally, Royal Bank of Canada restated a “buy” rating and set a $18.00 price objective on shares of Yext in a report on Friday, September 22nd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Yext presently has an average rating of “Hold” and an average price target of $16.20.

In related news, CEO Howard Lerman sold 4,039 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $12.00, for a total transaction of $48,468.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Brian Distelburger sold 8,160 shares of Yext stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $14.53, for a total transaction of $118,564.80. The disclosure for this sale can be found here. Insiders sold 550,639 shares of company stock valued at $6,814,078 in the last quarter.

A number of institutional investors have recently made changes to their positions in YEXT. FMR LLC bought a new stake in Yext during the second quarter valued at approximately $107,196,000. Bamco Inc. NY bought a new stake in Yext during the second quarter valued at approximately $16,784,000. Janus Henderson Group PLC bought a new stake in Yext during the second quarter valued at approximately $14,534,000. Vanguard Group Inc. bought a new stake in Yext during the second quarter valued at approximately $10,627,000. Finally, Ontario Teachers Pension Plan Board bought a new stake in Yext during the second quarter valued at approximately $6,665,000. Institutional investors and hedge funds own 28.58% of the company’s stock.

Yext (NYSE YEXT) opened at $11.59 on Friday. Yext has a 12 month low of $11.12 and a 12 month high of $15.11. The firm has a market cap of $1,060.00 and a price-to-earnings ratio of -12.33.

COPYRIGHT VIOLATION NOTICE: This article was published by American Banking News and is owned by of American Banking News. If you are reading this article on another website, it was stolen and reposted in violation of international trademark and copyright laws. The correct version of this article can be accessed at https://www.americanbankingnews.com/2018/01/06/yext-inc-yext-expected-to-announce-earnings-of-0-12-per-share.html.

Yext Company Profile

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.

Leave a Reply