Online reputation and search platform Yext (NYSE: YEXT) will be reporting results tomorrow after the bell. Here’s what to look for.
Yext met analysts’ revenue expectations last quarter, reporting revenues of $97.89 million, down 4.6% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and full-year revenue guidance exceeding analysts’ expectations.
Is Yext a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Yext’s revenue to grow 11.9% year on year to $113.2 million, improving from the 1.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.12 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Yext has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Yext’s peers in the sales and marketing software segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Semrush delivered year-on-year revenue growth of 23.7%, beating analysts’ expectations by 0.7%, and Zeta reported revenues up 42%, topping estimates by 6.3%. Semrush traded down 7.5% following the results while Zeta was also down 23.3%.
Read our full analysis of Semrush’s results here and Zeta’s results here.
There has been positive sentiment among investors in the sales and marketing software segment, with share prices up 8.1% on average over the last month. Yext is up 6.6% during the same time and is heading into earnings with an average analyst price target of $7.06 (compared to the current share price of $8.58).
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