Quinstreet Inc reports results for the quarter ended in December - Earnings Summary

Quinstreet

07/02/2024 23:22

* Quinstreet Inc  QNST.OQ  reported a quarterly adjusted
loss of 4
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of -2
cents.  The mean expectation of seven analysts for the quarter
was for a loss of 5 cents per share. Wall Street expected
results to range from -8 cents to -2 cents per share.
    * Revenue fell 8.5% to $122.68 million from a year ago;
analysts
expected $115.93 million. 
    * Quinstreet Inc's reported EPS for the quarter was a loss
of 21
cents​.
    * The company reported a quarterly loss of $11.55 million.
    * Quinstreet Inc shares had risen by 0.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the online
services
peer group is also "buy"

Wall Street's median 12-month price target for Quinstreet Inc is
$14.50 
This summary was machine generated from LSEG data February 7 at
11:21 p.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
 Dec. 31 2023      -0.05          -0.04          Beat
 Sep. 30 2023      -0.04          -0.03          Beat
 Jun. 30 2023      -0.02          -0.01          Beat
 Mar. 31 2023      0.07           0.11           Beat