QuinStreet (QNST) Scheduled to Post Earnings on Wednesday

QuinStreet (NASDAQ:QNST) will be announcing its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.07 per share for the quarter. QuinStreet has set its Q3 2024 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings results on Wednesday, February 7th. The technology company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.05). QuinStreet had a negative return on equity of 32.98% and a negative net margin of 14.28%. The business had revenue of $122.68 million during the quarter, compared to analyst estimates of $116.46 million. On average, analysts expect QuinStreet to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

QuinStreet Stock Performance

Shares of NASDAQ QNST opened at $18.90 on Monday. The company has a 50 day simple moving average of $16.61 and a two-hundred day simple moving average of $13.87. QuinStreet has a 12 month low of $6.79 and a 12 month high of $19.38.

Insider Buying and Selling at QuinStreet

In related news, CFO Gregory Wong sold 8,407 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $15.03, for a total transaction of $126,357.21. Following the completion of the transaction, the chief financial officer now owns 295,204 shares in the company, valued at approximately $4,436,916.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 5.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on QNST. StockNews.com raised shares of QuinStreet to a “sell” rating in a report on Saturday, April 13th. Stephens raised their target price on QuinStreet from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Barrington Research boosted their price target on QuinStreet from $16.00 to $20.00 and gave the company an “outperform” rating in a report on Tuesday, April 23rd. Finally, B. Riley assumed coverage on shares of QuinStreet in a research note on Friday, April 19th. They set a “buy” rating and a $21.50 price objective on the stock. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.83.

About QuinStreet

QuinStreet, Inc, an online performance marketing company, provides customer acquisition services for its clients in the United States and internationally. The company offers online marketing services, such as qualified clicks, leads, calls, applications, and customers through its websites or third-party publishers.