Yext Inc is a digital knowledge management platform that helps businesses manage their online presence and brand identity across various search engines, maps, apps, and social media platforms
The company's solutions enable organizations to control the information displayed about them online, ensuring consistency and accuracy across all digital touchpoints. By providing tools for managing location data, customer reviews, and frequently asked questions, Yext empowers businesses to enhance their visibility, improve customer engagement, and drive more meaningful interactions with their audiences.
Shares of online reputation and search platform Yext (NYSEYEXT)
fell 8.5% in the pre-market session after the company reported underwhelming fourth-quarter results, with revenue merely in line with expectations while EPS fell short. Looking ahead, management decided to hold back on full-year revenue guidance, pointing to uncertainty around new product adoption and currency swings. Instead, they put out an adjusted EBITDA target of $100 million to $103 million, which signals they feel good about controlling costs.
Overall, this quarter could have been better.
Online reputation and search platform Yext (NYSEYEXT) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 11.9% year on year to $113.1 million. Its non-GAAP profit of $0.12 per share was 9.4% below analysts’ consensus estimates.
Yext trades at $6.31 per share and has stayed right on track with the overall market, gaining 13.7% over the last six months. At the same time, the S&P 500 has returned 9.1%.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how sales and marketing software stocks fared in Q3, starting with Yext (NYSEYEXT).
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Braze (NASDAQBRZE) and its peers.
Shares of online reputation and search platform Yext (NYSEYEXT)
fell 17.9% in the morning session after the company reported underwhelming third-quarter results. The company did not raise full-year guidance in line with the beats. This implies that the company's expectations for Q4 are below Wall Street's estimates.
Online reputation and search platform Yext (NYSEYEXT) beat Wall Street’s revenue expectations in Q3 CY2024, with sales up 12.7% year on year to $114 million. The company expects the full year’s revenue to be around $420.6 million, close to analysts’ estimates. Its non-GAAP profit of $0.12 per share was in line with analysts’ consensus estimates.
