Recap: Yext Q3 Earnings
Portfolio Pulse from Benzinga Insights
Yext (NYSE:YEXT) reported Q3 earnings with an EPS of $0.09, beating estimates by 28.57% and showing a revenue increase of $1.88 million year-over-year. Despite a previous quarter miss on EPS and subsequent share price drop, the current earnings outperformance could influence investor sentiment positively.
December 05, 2023 | 9:30 pm
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Yext reported a strong Q3 with EPS of $0.09, surpassing estimates by 28.57% and showing revenue growth from the previous year. This positive earnings report could lead to an optimistic short-term outlook for the stock.
Yext's positive earnings surprise and year-over-year revenue growth are likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price. This is especially relevant considering the stock's previous negative reaction to an earnings miss, suggesting that the market is sensitive to the company's earnings performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100