Workflow
Bull Of The Day: Yext (YEXT)
YEXTYext(YEXT) ZACKS·2024-10-02 12:11

Core Viewpoint - Yext (YEXT) is recognized as a strong buy with a focus on digital media technology services, offering various solutions for advertising, monetization, and reputation management [1] Company Overview - Yext provides a cloud-based digital knowledge platform that enables businesses to manage their digital information and sync it across multiple applications such as Google, Facebook, and Yelp [2] - The company offers a subscription-based Yext Knowledge Engine package, which includes features like Listings, Pages, and Reviews to enhance digital presence and customer engagement [2] - Founded in 2006 and headquartered in New York, Yext was established by Howard Lerman, Brent Metz, and Brian Distelburger [2] Earnings Performance - Yext has demonstrated a solid earnings history, surpassing the Zacks Consensus in three of the last four quarters [3] - The average positive earnings surprise over the last four quarters is 48% [4] Earnings Estimates - Annual earnings estimates for Yext are trending upward, with the fiscal 2025 estimate increasing from 0.40to0.40 to 0.41, while the next year's estimate has slightly decreased from 0.66to0.66 to 0.64 [4] Growth Projections - For fiscal 2025, Yext is expected to achieve 4% growth with projected sales of 420million,increasingto420 million, increasing to 463 million in the following year, representing a 10.2% growth [5] Valuation Metrics - Yext's forward earnings multiple is 17x, aligning with the historical market multiple, while the current market multiple stands at 23x [6] - The price to book multiple is 5.4x, indicating potential for growth given the company's asset-light model, and the price to sales ratio is 2.2x, expected to improve as revenue growth accelerates [6]