Yext, Inc. (YEXT) Tops Q3 EPS by 6c, Revenues Beat; Offers 4Q Revenue Guidance Below Consensus

Yext, Inc. (NYSE: YEXT) reported Q3 EPS of ($0.02), $0.06 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $89.1 million versus the consensus estimate of $87.19 million.

• Third Quarter Revenue Increased 17% Year-over-Year to $89.1 Million
• Unearned Revenue Increased 20% Year-over-Year to $129 Million
• Cash and Cash Equivalents of $209 Million as of October 31, 2020
• Issues Guidance for Fourth Quarter Fiscal 2021

"We had a solid third quarter, indicating that people are hungry for a disruption in search. We're on a mission to bring modern search to every business website on the planet, and we're now closer to realizing that goal," said Howard Lerman, Founder and CEO of Yext. "In addition to helping more businesses than ever before drive more branded searches on their own websites, we're continuing to stay laser focused on sales efficiency."

GUIDANCE:

Yext, Inc. sees Q4 2021 EPS of ($0.10)-($0.08), versus the consensus of ($0.08). Yext, Inc. sees Q4 2021 revenue of $87-89 million, versus the consensus of $94.04 million.

Yext is also providing the following guidance for its fourth fiscal quarter ending January 31, 2021.

• Fourth Quarter Fiscal 2021 Outlook:
  • Revenue is projected to be in the range of $87 million to $89 million.
  • Non-GAAP net loss per share is projected to be $0.10 to $0.08 which assumes 123.3 million weighted-average basic shares outstanding.

For earnings history and earnings-related data on Yext, Inc. (YEXT) click here.

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