Wall Street brokerages expect that Yext Inc (NYSE:YEXT) will post $47.88 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Yext’s earnings. The highest sales estimate is $48.10 million and the lowest is $47.66 million. The firm is expected to issue its next 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 year, with estimates ranging from $169.84 million to $170.28 million. For the next fiscal year, analysts forecast that the business will post 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 follow Yext.
Yext (NYSE:YEXT) last issued its quarterly earnings results on Thursday, November 30th. The company reported ($0.19) earnings per share 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%.
Shares of Yext (NYSE:YEXT) opened at $10.87 on Friday. Yext has a 1-year low of $10.58 and a 1-year high of $15.11.
In other Yext news, President Brian Distelburger sold 8,160 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $14.53, for a total transaction of $118,564.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Howard Lerman sold 30,000 shares of the company’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $12.16, for a total transaction of $364,800.00. The disclosure for this sale can be found here. Insiders have sold 673,580 shares of company stock valued at $8,221,055 over the last ninety days.
Hedge funds have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. purchased a new stake in shares of Yext in the second quarter worth approximately $553,000. Rhumbline Advisers purchased a new stake in shares of Yext in the second quarter worth approximately $164,000. Bank of New York Mellon Corp purchased a new stake in shares of Yext in the second quarter worth approximately $429,000. Alliancebernstein L.P. purchased a new stake in shares of Yext in the second quarter worth approximately $172,000. Finally, Teachers Advisors LLC purchased a new stake in shares of Yext in the second quarter worth approximately $285,000. 27.85% of the stock is owned by institutional investors.
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.
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