Yext (YEXT) Releases FY19 Earnings Guidance

Yext (NYSE:YEXT) issued an update on its FY19 earnings guidance on Thursday morning. The company provided EPS guidance of ($0.42)-($0.41) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.42). The company issued revenue guidance of $227-$228 million, compared to the consensus revenue estimate of $227.60 million.Yext also updated its FY 2019 guidance to $-0.42–0.41 EPS.

YEXT traded up $0.38 on Thursday, hitting $18.21. 1,414,167 shares of the company were exchanged, compared to its average volume of 994,285. Yext has a 12 month low of $10.58 and a 12 month high of $27.19. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of -21.42 and a beta of 1.67.

Yext (NYSE:YEXT) last posted its quarterly earnings results on Thursday, August 30th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.01. Yext had a negative return on equity of 91.20% and a negative net margin of 36.92%. The business had revenue of $55.10 million for the quarter, compared to analyst estimates of $53.67 million. On average, equities research analysts anticipate that Yext will post -0.79 EPS for the current fiscal year.

YEXT has been the topic of several recent research reports. DA Davidson initiated coverage on Yext in a research report on Monday, October 8th. They set a buy rating and a $28.00 price target on the stock. SunTrust Banks initiated coverage on Yext in a research report on Monday, August 13th. They set a buy rating on the stock. Morgan Stanley restated a hold rating and set a $26.00 price target (up from $15.00) on shares of Yext in a research report on Tuesday, September 18th. KeyCorp restated a hold rating on shares of Yext in a research report on Thursday, August 30th. Finally, Zacks Investment Research lowered Yext from a buy rating to a hold rating in a research report on Wednesday, August 1st. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $24.20.

In other news, CFO Steven Cakebread sold 20,000 shares of Yext stock in a transaction that occurred on Friday, November 23rd. The stock was sold at an average price of $16.86, for a total value of $337,200.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Tom Christopher Dixon sold 32,500 shares of Yext stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $24.79, for a total value of $805,675.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 894,394 shares of company stock worth $19,054,906. 20.80% of the stock is owned by corporate insiders.

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About Yext

Yext, Inc provides a knowledge engine platform that lets businesses manage their digital knowledge in the cloud in North America and Europe. The company offers Yext Knowledge Engine, a cloud-based global platform that enables businesses to control and manage their digital knowledge and make it available through its PowerListings Network of approximately 150 third-party maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.

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