Welcome to our dedicated page for Quinstreet news (Ticker: QNST), a resource for investors and traders seeking the latest updates and insights on Quinstreet stock.
QuinStreet, Inc. (NASDAQ: QNST) is active in performance marketplaces and technologies for the financial services and home services industries, which makes its news flow particularly relevant to investors and industry observers. The company regularly issues updates on its financial performance, strategic transactions, capital structure, and the evolution of its digital marketplace platforms.
News about QuinStreet often includes quarterly and annual earnings results, where the company discusses net revenue, profitability, cash flow, and non-GAAP measures such as adjusted EBITDA, adjusted net income, and free cash flow. These releases also describe trends in key client verticals, including auto insurance and home services, and provide management commentary on performance, market opportunity, and business model.
QuinStreet’s news feed also features transaction and financing announcements. Recent examples include the agreement to acquire, and subsequent closing of the acquisition of, SIREN GROUP AG d/b/a HomeBuddy, a home services demand generation provider. Related news covers the establishment of a senior secured revolving credit facility intended in part to fund this acquisition and to support general corporate purposes.
Investors following QNST can also expect corporate and investor relations updates, such as notices of participation in investment conferences, share repurchase program activity, and scheduling of earnings calls and webcasts. In addition, QuinStreet-related news may highlight developments at its owned properties, such as CarInsurance.com, including research reports and studies on car insurance markets.
This news page aggregates these items, giving readers a single location to review QuinStreet’s latest press releases, financial disclosures, and marketplace developments. For those tracking the company’s role in performance marketing for financial services and home services, monitoring QNST news provides insight into its strategic direction, operating trends, acquisitions, and capital allocation decisions.
QuinStreet, Inc. (Nasdaq: QNST) reported strong Q1 results for the period ended September 30, 2020, with revenues of $139.3 million, a 23% increase year-over-year excluding divested businesses. Net income surged 1197% to $14.7 million, or $0.27 per diluted share. Adjusted net income rose 42% year-over-year to $8.8 million, or $0.16 per diluted share. The company generated $17.6 million in operating cash flow and held $102.2 million in cash at quarter-end. Looking forward, QuinStreet expects Q2 revenue between $118 million and $122 million, anticipating 21% growth year-over-year.
MoneyRates.com highlights a significant gap in retirement planning between genders in its recent survey of 1,000 respondents. As Equal Pay Day approaches on November 2, the survey reveals that women often feel less secure and informed about retirement investments. Specifically, 25% of women could not estimate their stock investments, compared to 12.6% of men. Furthermore, only 6.63% of women sought help from financial professionals. The survey suggests that working with financial advisors can bridge this gap and improve understanding between partners.
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QuinStreet (Nasdaq: QNST) reported preliminary financial results for Q1 fiscal 2021, expecting total revenue over $138 million, exceeding prior estimates of $125 million to $130 million. The company anticipates GAAP net income to be at least 10% of revenue and adjusted EBITDA margin around 9%, up from mid-single digits. Highlights include over $100 million in cash at quarter-end and significant year-over-year growth in Auto Insurance revenues of 55%. The quarterly results will be finalized on October 28.
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On October 7, 2020, CardRatings.com announced a significant redesign of its homepage, marking its first major update in five years. This overhaul aims to enhance user experience by providing intuitive features and improved functionality for consumers seeking credit card information. The redesign addresses the increasing demand for accessible financial resources amid pandemic-induced challenges. Additionally, CardRatings plans to launch a bimonthly e-newsletter, delivering timely updates on credit card offers and strategies to maximize rewards, reinforcing its commitment to consumer empowerment.
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FOSTER CITY, Calif., Sept. 30, 2020 /PRNewswire/ -- According to Insure.com's latest health reform survey, 26% of Americans prefer "Medicare for all" as their top health care option. The survey, conducted with 1,500 participants, shows support for maintaining the current system has increased to 22%, while 20% favor improving the Affordable Care Act (ACA). Only 14% wish to repeal the ACA. Notably, 11% of respondents indicated the COVID-19 crisis influenced their views on Medicare for all. Insure.com has been tracking these preferences quarterly since fall 2019.