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

Quinstreet

09/05/2024 21:47

* Quinstreet Inc  QNST.OQ  reported quarterly adjusted
earnings of
6 cents​​ per share for the quarter ended in March, lower than
the same quarter last year, when the company reported EPS of 11
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 6 cents per share. Wall Street expected
results to range from 3 cents to 10 cents per share.
    * Revenue fell 2.4% to $168.59 million from a year ago;
analysts
expected $166.95 million. 
    * Quinstreet Inc's reported EPS for the quarter was a loss
of 13
cents​.
    * The company reported a quarterly loss of $7.05 million.
    * Quinstreet Inc shares had risen by 6.2% this quarter and
gained 46.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 19.1%
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 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
$20.50 
This summary was machine generated from LSEG data May 9 at 08:47
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
 Mar. 31 2024      0.06           0.06           Met
 Dec. 31 2023      -0.05          -0.04          Beat
 Sep. 30 2023      -0.04          -0.03          Beat
 Jun. 30 2023      -0.02          -0.01          Beat