Yext Inc. (YEXT) shares surged 7.92% in pre-market trading on Wednesday, following the release of its strong first-quarter fiscal 2026 results. The company, which specializes in online services, impressed investors with better-than-expected revenue and earnings figures.

According to the earnings report, Yext's revenue rose 14.1% to $109.48 million, surpassing analysts' expectations of $107.60 million. The company's adjusted earnings per share (EPS) came in at 12 cents, beating the mean expectation of 11 cents from four analysts. This performance marks a significant improvement from the same quarter last year when Yext reported EPS of 5 cents.

The strong quarterly results have reignited investor confidence in Yext's growth prospects. The company reported a quarterly net income of $770,000, demonstrating its ability to generate profits. Additionally, Wall Street maintains a positive outlook on Yext, with the current average analyst rating on the shares being "buy" and a median 12-month price target of $7.50. This favorable performance and outlook are likely driving the pre-market rally, as traders position themselves ahead of the regular trading session.