Online reputation and search platform Yext (NYSE:YEXT) will be reporting results today afternoon. Here's what you need to know.
Last quarter Yext reported revenues of $101.9 million, flat 0.96% year on year, beating analyst revenue expectations by 1.53%. It was a weaker quarter for the company, with revenue guidance for the next quarter and full year missing analysts' expectations. The company added 600 ustomers to a total of 2,960.
Is Yext buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Yext's revenue to decline 0.26% year on year to $98.6 million, a further deceleration on the 7.4% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.05 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates twice over the last two years.
Looking at Yext's peers in the sales and marketing software segment, some of them have already reported Q1 earnings results, giving us a hint what we can expect. DoubleVerify delivered top-line growth of 26.7% year on year, beating analyst estimates by 3.78% and Salesforce reported revenues up 11.3% year on year, exceeding estimates by 0.87%. DoubleVerify traded up 5.92% on the results, Salesforce was down 4.51%. Read our full analysis of DoubleVerify's results here and Salesforce's results here.
There has been positive sentiment among investors in the software segment, with the stocks up on average 16.5% over the last month. Yext is up 20.7% during the same time, and is heading into the earnings with analyst price target of $8.2, compared to share price of $9.49.
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The author has no position in any of the stocks mentioned.