Zacks: Brokerages Anticipate QuinStreet Inc (QNST) Will Post Earnings of $0.12 Per Share

Brokerages expect QuinStreet Inc (NASDAQ:QNST) to announce earnings per share (EPS) of $0.12 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for QuinStreet’s earnings. The lowest EPS estimate is $0.12 and the highest is $0.13. QuinStreet posted earnings of $0.07 per share in the same quarter last year, which suggests a positive year over year growth rate of 71.4%. The business is expected to issue its next quarterly earnings report on Wednesday, January 30th.

According to Zacks, analysts expect that QuinStreet will report full-year earnings of $0.65 per share for the current year, with EPS estimates ranging from $0.60 to $0.70. For the next fiscal year, analysts forecast that the firm will post earnings of $0.86 per share, with EPS estimates ranging from $0.80 to $0.95. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover QuinStreet.

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

QNST has been the subject of several recent analyst reports. William Blair initiated coverage on QuinStreet in a research report on Thursday, October 4th. They set an “outperform” rating for the company. BidaskClub cut shares of QuinStreet from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 24th. Stephens reissued a “buy” rating and set a $16.00 target price on shares of QuinStreet in a research report on Tuesday, August 7th. Finally, Zacks Investment Research raised shares of QuinStreet from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Wednesday. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $17.79.

In related news, CFO Gregory Wong sold 9,091 shares of the company’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $13.44, for a total value of $122,183.04. Following the sale, the chief financial officer now directly owns 237,501 shares of the company’s stock, valued at $3,192,013.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James R. Simons sold 249,860 shares of the company’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $13.68, for a total transaction of $3,418,084.80. The disclosure for this sale can be found here. Insiders sold 1,474,039 shares of company stock worth $22,431,812 over the last ninety days. 12.50% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of QNST. Royal Bank of Canada grew its position in shares of QuinStreet by 717.4% during the first quarter. Royal Bank of Canada now owns 17,714 shares of the technology company’s stock valued at $226,000 after purchasing an additional 15,547 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of QuinStreet during the 2nd quarter worth about $424,000. KBC Group NV raised its position in shares of QuinStreet by 86.0% during the 2nd quarter. KBC Group NV now owns 94,445 shares of the technology company’s stock worth $1,199,000 after purchasing an additional 43,681 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of QuinStreet by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 492,783 shares of the technology company’s stock worth $6,258,000 after purchasing an additional 7,711 shares during the last quarter. Finally, Rutabaga Capital Management LLC MA raised its position in shares of QuinStreet by 3.8% during the 2nd quarter. Rutabaga Capital Management LLC MA now owns 297,640 shares of the technology company’s stock worth $3,780,000 after purchasing an additional 10,900 shares during the last quarter. 79.17% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ QNST traded down $0.45 during mid-day trading on Friday, hitting $16.99. The company had a trading volume of 60,414 shares, compared to its average volume of 1,100,272. QuinStreet has a 1 year low of $8.24 and a 1 year high of $17.75. The stock has a market cap of $812.24 million, a PE ratio of 53.06, a price-to-earnings-growth ratio of 1.22 and a beta of 0.70.

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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