QuinStreet Inc (QNST) Expected to Post Quarterly Sales of $104.78 Million

Analysts predict that QuinStreet Inc (NASDAQ:QNST) will announce $104.78 million in sales for the current quarter, Zacks reports. Four analysts have made estimates for QuinStreet’s earnings. The lowest sales estimate is $102.37 million and the highest is $107.98 million. QuinStreet reported sales of $87.49 million during the same quarter last year, which indicates a positive year-over-year growth rate of 19.8%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, January 30th.

On average, analysts expect that QuinStreet will report full-year sales of $479.57 million for the current financial year, with estimates ranging from $475.01 million to $484.30 million. For the next year, analysts forecast that the firm will report sales of $543.62 million, with estimates ranging from $527.73 million to $559.50 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for QuinStreet.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings data on Tuesday, October 30th. The technology company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. QuinStreet had a net margin of 4.60% and a return on equity of 14.14%. The company had revenue of $112.90 million during the quarter, compared to analyst estimates of $103.59 million. During the same period last year, the business earned $0.08 earnings per share. QuinStreet’s revenue was up 29.2% compared to the same quarter last year.

A number of research firms have recently commented on QNST. ValuEngine lowered shares of QuinStreet from a “buy” rating to a “hold” rating in a research report on Thursday, November 8th. BidaskClub upgraded shares of QuinStreet from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 3rd. Zacks Investment Research upgraded shares of QuinStreet from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Wednesday, November 7th. Craig Hallum restated a “buy” rating on shares of QuinStreet in a research report on Wednesday, October 31st. Finally, William Blair began coverage on shares of QuinStreet in a research report on Thursday, October 4th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $17.79.

Shares of QNST stock traded down $0.42 during trading hours on Friday, reaching $15.00. The stock had a trading volume of 1,215,377 shares, compared to its average volume of 712,615. QuinStreet has a 12 month low of $8.24 and a 12 month high of $17.75. The firm has a market capitalization of $804.41 million, a P/E ratio of 46.88, a price-to-earnings-growth ratio of 1.20 and a beta of 0.70.

In other QuinStreet news, Director James R. Simons sold 83,975 shares of QuinStreet stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $13.98, for a total transaction of $1,173,970.50. Following the completion of the sale, the director now directly owns 28,888 shares in the company, valued at $403,854.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas Valenti sold 38,320 shares of QuinStreet stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $14.34, for a total transaction of $549,508.80. Following the sale, the chief executive officer now owns 287,919 shares of the company’s stock, valued at $4,128,758.46. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,227,776 shares of company stock valued at $19,089,536. 12.50% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the business. Piedmont Investment Advisors LLC bought a new stake in QuinStreet during the second quarter valued at approximately $109,000. SG Americas Securities LLC bought a new stake in shares of QuinStreet in the 2nd quarter worth approximately $116,000. Thompson Siegel & Walmsley LLC bought a new stake in shares of QuinStreet in the 2nd quarter worth approximately $123,000. Advisors Preferred LLC bought a new stake in shares of QuinStreet in the 2nd quarter worth approximately $126,000. Finally, United Services Automobile Association bought a new stake in shares of QuinStreet in the 2nd quarter worth approximately $142,000. Institutional investors and hedge funds own 80.35% of the company’s stock.

QuinStreet Company Profile

QuinStreet, Inc, an Internet performance marketing company, provides customer acquisition services for its clients in the United States and internationally. It offers online marketing services to its clients in the form of qualified leads, inquiries, clicks, calls, applications, customers, display advertisements, or impressions through its Websites or third-party publishers.

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Earnings History and Estimates for QuinStreet (NASDAQ:QNST)

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