NYSE$YEXT

Yext Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Yext's first quarter of fiscal year 2024 resulted in revenue of $99.5 million, a 1% increase year-over-year, and non-GAAP earnings per share of $0.09.

Yext announced a strong start to the year, achieving record levels in the first quarter with both non-GAAP EPS and Adjusted EBITDA. Revenue increased by 1% year-over-year to $99.5 million, and adjusted EBITDA was $14.4 million.

  • Revenue of $99.5 million, a 1% increase year-over-year or 2% on a constant currency basis.
  • Net loss per share of $0.00 or Non-GAAP earnings per share, basic, of $0.09.
  • Net loss of $0.4 Million or Adjusted EBITDA of $14.4 Million.
  • ARR of $398 Million, Increased 3% Year-over-Year on an as Reported and Constant Currency Basis.

Headline financials

Total Revenue

$99.5M

Previous: $98.8M+0.7%
EPS (adj)

$0.08

Previous: -$0.06+233.3%
Adjusted EBITDA

$14.4M

No prior period
Capital Expenditures

-$944K

Previous: -$1.64M+42.6%
Free Cash Flow

-$1.36M

Previous: -$27.5M+95.1%
Net Income

-$412K

Previous: -$25.8M+98.4%
Operating Income

-$1.23M

Previous: -$25.5M+95.2%
Gross Profit

$78.1M

Previous: $74.1M+5.4%
Cash & Equivalents

$217M

Previous: $248M-12.5%

Revenue & EPS history

Yext · Revenue · Quarterly

$99.5M

Q1 2024+0.7%vs Q1 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

Yext is providing the following guidance for its second fiscal quarter ending July 31, 2023 and fiscal year ending January 31, 2024. Revenue is projected to be in the range of $101.5 to $102.5 million;Adjusted EBITDA is projected to be in the range of $11.0 million to $12.0 million; and Non-GAAP net income per share is projected to be in the range of $0.06 to $0.07, which assumes 124.6 million weighted-average basic shares outstanding.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-0.9%

Avg return

Earnings day

-1.7%

Avg return

5 days after

-4.4%

Avg return

30 days after

36%

13 / 36 earnings

Positive

+44.0%

Q1 2024

Best reaction

-27.9%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026-2.7%-7.3%-39.0%
Q3 2026-4.6%-5.8%-8.0%
Q2 2026-1.5%-1.7%-4.2%
Q1 2026+31.6%+28.3%+21.1%
Q4 2025-4.1%-6.1%-10.2%
Q3 2025-17.0%-23.6%-23.3%
Q2 2025+15.6%+32.6%+39.7%
Q1 2025-2.3%-2.3%-4.5%
Q4 2024+12.2%+3.3%+2.8%
Q3 2024-21.4%-19.3%-21.6%
Q2 2024-27.9%-26.1%-31.3%
Q1 2024+44.0%+40.4%+10.8%
Q4 2023+9.6%-0.5%-3.0%
Q3 2023+20.9%+15.6%+24.1%
Q2 2023+8.4%+12.5%+10.8%
Q1 2023+6.6%+4.3%-4.5%
Q4 2022-10.5%-1.5%+7.5%
Q3 2022+11.9%+16.2%+8.4%
Q2 2022-6.0%-8.0%-12.9%
Q1 2022+15.5%+9.2%+16.3%
Q4 2021-17.8%-22.1%-16.4%
Q3 2021-16.2%-15.0%-16.0%
Q2 2021-16.0%-17.0%-20.1%
Q1 2021-7.5%-11.5%-1.7%
Q4 2020+1.5%-4.4%-39.7%
Q3 2020-13.8%-17.1%-13.8%
Q2 2020-10.7%-6.9%-10.3%
Q1 2020-5.9%-5.4%+2.9%
Q4 2019+14.0%+17.2%+10.4%
Q3 2019-18.6%-15.4%-18.1%
Q2 2019-7.1%-5.8%-11.4%
Q1 2019+12.2%+14.0%+27.7%
Q4 2018-3.8%-6.2%-4.7%
Q3 2018-3.9%-9.5%-14.3%
Q2 2018-3.7%-4.0%-1.7%
Q1 2018-11.6%-12.3%-9.6%
Q4 2017
Q3 2016
Q2 2016
Q1 2016
Q4 2015

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro