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Yext (YEXT) to Report Q2 Earnings: What's in the Offing?
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Yext, Inc. (YEXT - Free Report) is scheduled to report second-quarter fiscal 2021 results on Sep 3, after the bell.
The company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate on three occasions and missed in the other. It delivered an earnings surprise of 11.5% in the last four quarters, on average.
Expectations This Time Around
The Zacks Consensus Estimate for the to-be-reported quarter’s revenues is pegged at $84.9 million, indicating 17.3% year-over-year growth. Addition of customers and extended subscriptions sold to existing customers are likely to have driven the top line. In the first quarter of fiscal 2021, the company’s revenues of $85.4 million climbed 24.2% year over year.
The consensus mark for the bottom line is pegged at a loss of 27 cents. The company incurred net losses of 26 cents and 25 cents per share in the first quarter of fiscal 2021 and the year-ago quarter, respectively.
What our Model Says
Our proven model does not conclusively predict an earnings beat for Yext this time around. The combination of a positive Earnings ESP, and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Equifax (EFX - Free Report) reported better-than-expected second-quarter 2020 adjusted earnings of $1.60 per share, which beat the Zacks Consensus Estimate by 22.1% and improved 14.3% on a year-over-year basis.
IQVIA Holdings (IQV - Free Report) reported second-quarter 2020 adjusted earnings per share of $1.18, which beat the consensus mark by 12.4% but fell 22.9% on a year-over-year basis.
Robert Half (RHI - Free Report) reported second-quarter 2020 earnings of 41 cents per share beat the consensus mark by 17% but were down 58% year over year.
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This outperformance has not just been a recent phenomenon. From 2000 – Q2 2020, while the S&P averaged +5.5% per year, our top strategies averaged up to +51.7% per year.
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Yext (YEXT) to Report Q2 Earnings: What's in the Offing?
Yext, Inc. (YEXT - Free Report) is scheduled to report second-quarter fiscal 2021 results on Sep 3, after the bell.
The company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate on three occasions and missed in the other. It delivered an earnings surprise of 11.5% in the last four quarters, on average.
Expectations This Time Around
The Zacks Consensus Estimate for the to-be-reported quarter’s revenues is pegged at $84.9 million, indicating 17.3% year-over-year growth. Addition of customers and extended subscriptions sold to existing customers are likely to have driven the top line. In the first quarter of fiscal 2021, the company’s revenues of $85.4 million climbed 24.2% year over year.
The consensus mark for the bottom line is pegged at a loss of 27 cents. The company incurred net losses of 26 cents and 25 cents per share in the first quarter of fiscal 2021 and the year-ago quarter, respectively.
What our Model Says
Our proven model does not conclusively predict an earnings beat for Yext this time around. The combination of a positive Earnings ESP, and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Yext has an Earnings ESP of 0.00% and carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Yext Inc. Price and EPS Surprise
Yext Inc. price-eps-surprise | Yext Inc. Quote
Performance of Other Business Services Companies
Equifax (EFX - Free Report) reported better-than-expected second-quarter 2020 adjusted earnings of $1.60 per share, which beat the Zacks Consensus Estimate by 22.1% and improved 14.3% on a year-over-year basis.
IQVIA Holdings (IQV - Free Report) reported second-quarter 2020 adjusted earnings per share of $1.18, which beat the consensus mark by 12.4% but fell 22.9% on a year-over-year basis.
Robert Half (RHI - Free Report) reported second-quarter 2020 earnings of 41 cents per share beat the consensus mark by 17% but were down 58% year over year.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through Q2 2020, while the S&P 500 gained an impressive +44.0%, five of our strategies returned +50.9%, +93.8%, +122.2%, +153.0%, and even +156.8%.
This outperformance has not just been a recent phenomenon. From 2000 – Q2 2020, while the S&P averaged +5.5% per year, our top strategies averaged up to +51.7% per year.
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