Recap: Yext Q3 Earnings

Yext YEXT reported its Q3 earnings results on Thursday, December 2, 2021 at 04:15 PM.

Here's what investors need to know about the announcement.

Yext beat estimated earnings by 42.86%, reporting an EPS of $-0.04 versus an estimate of $-0.07, which surprised analysts.

Revenue was up $10,468,000.00 from the same period last year.

Last quarter the company beat on EPS by $0.01, which was followed by a 6.33% drop in the share price the next day.

Here's a look at Yext's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	-0.07	-0.06	-0.08	-0.08
EPS Actual	-0.06	-0.02	0	-0.02
Revenue Estimate	95.03M	88.55M	89.09M	87.19M
Revenue Actual	98.12M	91.99M	92.19M	89.06M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Yext management provided guidance for their next quarter, expecting earnings between $-0.08 and $-0.06 per share for the nextquarter.

This represents a -75.0% in quarter-over-quarter growth for Yext, a bearish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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