The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Semrush (NYSE:SEMR) and the rest of the sales and marketing software stocks fared in Q4.
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at ON24 (NYSE:ONTF) and its peers.
Let’s dig into the relative performance of Braze (NASDAQ:BRZE) and its peers as we unravel the now-completed Q4 sales and marketing software earnings season.
Shares of online reputation and search platform Yext (NYSE:YEXT)
fell 8.5% in the pre-market session after the company reported underwhelming fourth-quarter results, with revenue merely in line with expectations while EPS fell short. Looking ahead, management decided to hold back on full-year revenue guidance, pointing to uncertainty around new product adoption and currency swings. Instead, they put out an adjusted EBITDA target of $100 million to $103 million, which signals they feel good about controlling costs.
Overall, this quarter could have been better.
Online reputation and search platform Yext (NYSE:YEXT) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 11.9% year on year to $113.1 million. Its non-GAAP profit of $0.12 per share was 9.4% below analysts’ consensus estimates.
Yext trades at $6.31 per share and has stayed right on track with the overall market, gaining 13.7% over the last six months. At the same time, the S&P 500 has returned 9.1%.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how sales and marketing software stocks fared in Q3, starting with Yext (NYSE:YEXT).
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Braze (NASDAQ:BRZE) and its peers.
Shares of online reputation and search platform Yext (NYSE:YEXT)
fell 17.9% in the morning session after the company reported underwhelming third-quarter results. The company did not raise full-year guidance in line with the beats. This implies that the company's expectations for Q4 are below Wall Street's estimates.
Online reputation and search platform Yext (NYSE:YEXT) beat Wall Street’s revenue expectations in Q3 CY2024, with sales up 12.7% year on year to $114 million. The company expects the full year’s revenue to be around $420.6 million, close to analysts’ estimates. Its non-GAAP profit of $0.12 per share was in line with analysts’ consensus estimates.
