QuinStreet (Nasdaq: QNST ) reported earnings on Oct. 31. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q1), QuinStreet missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly and GAAP earnings per share dropped to zero.
Margins dropped across the board.
QuinStreet reported revenue of $78.6 million. The seven analysts polled by S&P Capital IQ expected sales of $86.1 million on the same basis. GAAP reported sales were 22% lower than the prior-year quarter's $101.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.00. The six earnings estimates compiled by S&P Capital IQ averaged $0.06 per share. GAAP EPS dropped to zero from the prior-year quarter's $0.11.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 17.1%, 810 basis points worse than the prior-year quarter. Operating margin was 1.2%, 880 basis points worse than the prior-year quarter. Net margin was -0.2%, 560 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $77.3 million. On the bottom line, the average EPS estimate is $0.02.
Next year's average estimate for revenue is $317.2 million. The average EPS estimate is $0.13.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 24 members out of 30 rating the stock outperform, and six members rating it underperform. Among 10 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), eight give QuinStreet a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on QuinStreet is hold, with an average price target of $9.38.
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