CORRECTION: 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 its financial outlook for FY24, projecting revenues of $403.2M-$403.7M, which is slightly below the estimated $406.38M. However, the company anticipates adjusted EPS to be between $0.31-$0.32, surpassing the estimated $0.28.
December 05, 2023 | 9:32 pm
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NEUTRAL IMPACT
Yext's FY24 revenue forecast falls short of expectations by a small margin, but its projected adjusted EPS is higher than anticipated.
The revenue forecast being slightly below estimates may have a negative impact on investor sentiment, but this could be offset by the higher-than-expected adjusted EPS. The mixed financial outlook suggests a neutral short-term impact on Yext's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100