Performance marketing company QuinStreet (NASDAQ: QNST) will be announcing earnings results this Wednesday after the bell. Here’s what to expect.
QuinStreet beat analysts’ revenue expectations last quarter, reporting revenues of $373.9 million, up 42.7% year on year. It was a stunning quarter for the company, with revenue guidance for next quarter exceeding analysts’ expectations and a beat of analysts’ EPS estimates.
Is QuinStreet a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting QuinStreet’s revenue to grow 31% year on year, improving from the 2.4% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. QuinStreet rarely misses Wall Street’s revenue estimates.
Looking at QuinStreet’s peers in the advertising & marketing services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Ibotta delivered year-on-year revenue growth of 17.5%, beating analysts’ expectations by 10.3%, and MediaAlpha reported revenues up 22.7%, topping estimates by 7.2%. MediaAlpha traded up 20.6% following the results.
Read our full analysis of Ibotta’s results here and MediaAlpha’s results here.
Investors in the advertising & marketing services segment have had steady hands going into earnings, with share prices up 1.7% on average over the last month. QuinStreet is up 17.1% during the same time and is heading into earnings with an average analyst price target of $22.80 (compared to the current share price of $17.56).
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