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yext shares soar on earnings, revenue beat

Published 03/07/2024, 06:04 AM
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NEW YORK - Yext, Inc. (NYSE:YEXT), the leader in digital presence for multi-location brands, reported a robust fourth quarter, surpassing analyst expectations with an earnings beat. The company announced an adjusted EPS of $0.10, outperforming the consensus estimate by $0.03. Revenue also exceeded forecasts, coming in at $101.1 million against the anticipated $100.25 million. This financial performance has propelled Yext's stock to climb a significant 18% as investors react positively to the news.

The company's guidance for the first quarter of 2025 indicates an adjusted EPS range of $0.04 to $0.05, which falls below the analyst consensus of $0.06. Revenue projections for Q1 2025 are set between $96 and $96.5 million, also trailing the consensus estimate of $99.322 million. For the full fiscal year 2025, Yext anticipates an adjusted EPS of $0.30 to $0.31, which is above the consensus of $0.27, and forecasts revenue to be in the range of $400 to $402 million, slightly below the consensus of $408 million.

The company's strong fourth-quarter performance and the stock's subsequent rise reflect investor confidence in Yext's ability to maintain its growth trajectory. The announcement has underscored the company's capability to deliver consistent and accurate customer engagements across various digital channels, leveraging AI and machine learning technology.

In a statement, Yext's management highlighted the quarter's success, attributing it to the company's innovative platform and commitment to providing exceptional digital experiences for its customers. This forward-looking focus is expected to continue driving the company's momentum into the next fiscal year.

Despite the optimistic outlook for earnings, Yext's revenue guidance for the upcoming quarter and fiscal year suggests a more cautious stance. However, the company's overall financial health appears robust, as indicated by the strong market response to its latest earnings report.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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