Yext Stock Jumps On Q4 Results: Here's Why
Portfolio Pulse from Erica Kollmann
Yext, Inc. (NYSE:YEXT) reported Q4 earnings of 10 cents per share, surpassing the 7 cents estimate and marking a 100% increase year-over-year. Q4 sales were $101.1 million, beating the $100.62 million estimate. The company highlighted its highest Direct Sales productivity in four years and a doubling in North America Enterprise Sales year-over-year. Yext's outlook for Q1 includes expected revenue of $96-$96.5 million, below the $99.783 million estimate, and adjusted earnings of 4-5 cents per share. For fiscal year 2025, Yext forecasts revenue of $400-$402 million and adjusted earnings of 30-31 cents per share, with new product releases anticipated in the second half of the year. Yext shares surged 17.3% in after-hours trading to $6.98.
March 06, 2024 | 9:34 pm
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Yext reported strong Q4 results with earnings and sales surpassing estimates, highlighted by significant sales productivity and growth. The company's optimistic outlook for FY2025 and upcoming product releases indicate potential for continued growth.
Yext's Q4 earnings beat and positive commentary on sales productivity and market opportunity, coupled with an optimistic long-term outlook, suggest a strong potential for stock appreciation in the short term. The after-hours stock price movement further supports this positive sentiment among investors.
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