QuinStreet Inc reports results for the quarter ended in January 1 - Earnings Summary

Quinstreet

05/11/2024 07:51

* QuinStreet Inc  QNST.OQ  reported quarterly adjusted
earnings of
22 cents​​ per share for the quarter ended January 1, higher
than the same quarter last year, when the company reported EPS
of -3 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 15 cents per share. Wall Street
expected results to range from 12 cents to 20 cents per share.
    * Revenue rose 125.3% to $279.22 million from a year ago;
analysts
expected $218.98 million. 
    * QuinStreet Inc's reported EPS for the quarter was a loss
of 2
cents​.
    * The company reported a quarterly loss of $1.37 million.
    * QuinStreet Inc shares had risen by 5.6% this quarter and
gained 57.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 45.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "buy"

Wall Street's median 12-month price target for QuinStreet Inc is
$22.50 
This summary was machine generated from LSEG data November 5 at
07:51 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.15           0.22           Beat
 Jun. 30 2024      0.10           0.11           Beat
 Mar. 31 2024      0.06           0.06           Met
 Dec. 31 2023      -0.05          -0.04          Beat