Yext Sees Q3 EPS $0.06-$0.07 Vs $0.07 Est.; Revenue $101.5M-$102.5M Vs 102.28M Est.
Portfolio Pulse from Happy Mohamed
Yext has provided its financial outlook for Q3 and the fiscal year ending January 31, 2024. The company expects Q3 revenue to be between $101.5M and $102.5M, and EPS to be between $0.06 and $0.07. These projections are slightly below the estimated revenue of $102.28M and EPS of $0.07.
September 06, 2023 | 8:35 pm
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NEGATIVE IMPACT
Yext's Q3 revenue and EPS projections are slightly below estimates, which could potentially impact the company's stock negatively in the short term.
Investors often react to a company's earnings outlook. If the outlook is below estimates, it can lead to a decrease in the company's stock price as it indicates potential future underperformance. In this case, Yext's projected Q3 revenue and EPS are slightly below estimates, which could lead to a negative impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100