Performance marketing company QuinStreet (NASDAQ:QNST) will be reporting results this Thursday afternoon. Here’s what you need to know.
QuinStreet beat analysts’ revenue expectations by 2.1% last quarter, reporting revenues of $285.9 million, up 2.4% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ revenue estimates but revenue guidance for next quarter meeting analysts’ expectations.
Is QuinStreet a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting QuinStreet’s revenue to decline 2.3% year on year to $276.2 million, a reversal from the 130% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.20 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. QuinStreet has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 7.3% on average.
Looking at QuinStreet’s peers in the media & entertainment segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Stride delivered year-on-year revenue growth of 7.5%, beating analysts’ expectations by 0.5%, and IAC reported a revenue decline of 10.5%, topping estimates by 0.8%. Stride traded up 14.2% following the results.
Read our full analysis of Stride’s results here and IAC’s results here.
Investors in the media & entertainment segment have had fairly steady hands going into earnings, with share prices down 1.4% on average over the last month. QuinStreet is down 21.1% during the same time and is heading into earnings with an average analyst price target of $22 (compared to the current share price of $11.47).
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