Quinstreet Inc expected to post earnings of 6 cents a share - Earnings Preview

Quinstreet

07/05/2024 03:07

* Quinstreet Inc  QNST.OQ   QNST.O  is expected to show a
fall in
quarterly revenue when it reports  results on May 8 for the
period ending March 31 2024
    * The Foster City California-based  company is expected to
report
a 3.3% decrease in revenue to $166.954 million from $172.67
million a year ago, according to the mean estimate from 7
analysts, based on LSEG data.The company's guidance on February
7 2024, for the period ended March 31, was for revenue between
$160.00 million and $170.00 million.
    * ​LSEG's mean analyst estimate for Quinstreet Inc is for
earnings
of 6 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Quinstreet
Inc is
$18.13​, below​ its last closing price of $18.99. ​​​

The company's guidance on February 7 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD160 million and USD9 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.04       -0.05      -0.04     Beat    17.2
 Sep. 30 2023  -0.04       -0.04      -0.03     Beat    21.7
 Jan. 1 0001   -0.01       -0.02      -0.01     Beat    50​
 Mar. 31 2023  0.07        0.07       0.11      Beat    69.2
 ​​Dec.        0.00        -0.02      -0.02     Met     0
 31 2022                                                
 Sep. 30 2022  0.02        0.03       0.05      Beat    92.3​
 Jun. 30 2022  0.04        0.05       0.04      Missed  -14.3
 Mar. 31 2022  0.11        0.10       0.09      Missed  -11.5
 This summary was machine generated May 7 at 02:07 GMT.  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)