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

Quinstreet

02/11/2023 02:53

* Quinstreet Inc  QNST.OQ  reported a quarterly adjusted
loss of 2
cents​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of 5
cents.  The mean expectation of seven analysts for the quarter
was for a loss of 4 cents per share. Wall Street expected
results to range from -6 cents to -2 cents per share.
    * Revenue fell 13.7% to $123.92 million from a year ago;
analysts
expected $123.39 million. 
    * Quinstreet Inc's reported EPS for the quarter was a loss
of 19
cents​.
    * The company reported a quarterly loss of $10.57 million.
    * Quinstreet Inc shares had risen by 26.1% this quarter and
lost 21.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 355.5% 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 3 "strong buy" or "buy," 4
"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
$9.00 
This summary was machine generated from LSEG data November 2 at
02:53 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.04          -0.02          Beat
 Jun. 30 2023      -0.02          -0.01          Beat
 Mar. 31 2023      0.07           0.11           Beat
 Dec. 31 2022      -0.02          -0.02          Met