Overview
Performance marketplaces firm's fiscal Q2 revenue rose 2% yr/yr, beating analyst expectations
Adjusted EBITDA for fiscal Q2 beat analyst expectations
Company completed acquisition of HomeBuddy, expanding Home Services footprint
Outlook
QuinStreet expects fiscal Q3 revenue between $330 mln and $340 mln
Company anticipates full fiscal year 2026 revenue between $1.25 bln and $1.3 bln
QuinStreet projects fiscal Q3 adjusted EBITDA between $26.5 mln and $30.5 mln
Result Drivers
AUTO INSURANCE - Demand remained strong, exceeding historical seasonality trends
HOMEBUDDY ACQUISITION - Acquisition expanded Home Services footprint, enhancing growth potential
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$287.85 mln
$275.06 mln (5 Analysts)
Q2 Net Income
$50.23 mln
Q2 Adjusted EBITDA
Beat
$21 mln
$19.43 mln (5 Analysts)
Q2 Gross Profit
$27.72 mln
Q2 Operating Income
$1.25 mln
Q2 Pretax Profit
$1.31 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy"
Wall Street's median 12-month price target for QuinStreet Inc is $21.50, about 86.5% above its February 4 closing price of $11.53
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 13 three months ago
Press Release: ID:nBw7k1ympa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)