Yext Sees FY24 Revenue $403.2M-$403.7M vs $406.38M Est., Adj. EPS $0.31-$0.32 vs $0.28 Est.
Portfolio Pulse from Benzinga Newsdesk
Yext, Inc. has provided guidance for FY24, projecting adjusted revenue to be between $403.2M and $403.7M, which is slightly below the estimated $406.38M. However, the company's forecast for adjusted EPS is $0.31 to $0.32, surpassing the estimated $0.28.
December 05, 2023 | 9:10 pm
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NEUTRAL IMPACT
Yext's FY24 revenue guidance falls short of expectations, but its adjusted EPS forecast exceeds estimates, indicating mixed financial performance.
The revenue guidance being slightly below estimates may cause some concern among investors, potentially putting downward pressure on the stock. However, the higher-than-expected EPS guidance could offset this by reflecting better profitability, which may be viewed positively. The net impact could be neutral in the short term as the market digests the mixed signals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100