Yext (YEXT) Reports Q4: Everything You Need To Know Ahead Of Earnings

Petr Huřťák /
2023/03/06 5:48 am EST
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Online reputation and search platform Yext (NYSE:YEXT) will be reporting results tomorrow after market hours. Here's what you need to know.

Last quarter Yext reported revenues of $99.3 million, down 0.25% year on year, missing analyst expectations by 0.35%. It was a weak quarter for the company, with underwhelming revenue guidance for the next quarter. The company added 30 customers to a total of 2,900.

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 0.56% year on year to $100.4 million, a deceleration on the 9.48% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.03 per share.

Yext Total Revenue

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 Q4 earnings results, giving us a hint of what we can expect. Shopify delivered top-line growth of 25.7% year on year, beating analyst estimates by 5.11% and LiveRamp reported revenues up 12.8% year on year, exceeding estimates by 0.55%. Shopify traded down 0.71% on the results, LiveRamp was up 4.99%. Read our full analysis of Shopify's results here and LiveRamp's results here.

Investors in the software segment have had steady hands going into the earnings, with the stocks down on average 1.58% over the last month. Yext is up 15.6% during the same time, and is heading into the earnings with analyst price target of $6.2, compared to share price of $8.74.

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The author has no position in any of the stocks mentioned.