Performance marketing company QuinStreet (NASDAQ:QNST) will be announcing earnings results tomorrow after the bell. Here’s what investors should know.
QuinStreet beat analysts’ revenue expectations by 17.9% last quarter, reporting revenues of $282.6 million, up 130% year on year. It was a very strong quarter for the company, with full-year revenue guidance exceeding analysts’ expectations and a solid beat of analysts’ EPS estimates.
Is QuinStreet a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting QuinStreet’s revenue to grow 60.6% year on year to $270.8 million, a reversal from the 2.4% decrease 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 missed Wall Street’s revenue estimates three times over the last two years.
Looking at QuinStreet’s peers in the media & entertainment segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Interpublic Group’s revenues decreased 8.5% year on year, meeting analysts’ expectations, and Omnicom Group reported revenues up 1.6%, falling short of estimates by 0.6%. Interpublic Group traded up 2.7% following the results while Omnicom Group was down 7.3%.
Read our full analysis of Interpublic Group’s results here and Omnicom Group’s results here.
There has been positive sentiment among investors in the media & entertainment segment, with share prices up 11.2% on average over the last month. QuinStreet is up 20% during the same time and is heading into earnings with an average analyst price target of $31.20 (compared to the current share price of $18.36).
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