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QuinStreet (QNST) Stock News, Feb-Aug 2023

QNST NASDAQ

QuinStreet, Inc. reports company developments tied to its performance marketplaces and technologies for the financial services and home services industries. The company’s updates center on digital media and online marketplace solutions that connect consumer search activity with brands and clients through measurable inquiries such as clicks, leads, calls, applications, and customers.

Recurring news themes include quarterly operating results, auto insurance marketplace demand, Home Services growth, AI optimization across media and performance marketing, and integration activity following the completed HomeBuddy acquisition into Modernize Home Services. Company announcements also cover capital actions such as credit facilities, investor conference participation, and management commentary on marketplace activity and margin performance.

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QuinStreet, Inc. (Nasdaq: QNST), a leader in performance marketplaces for financial and home services, will announce its fiscal third quarter financial results for the period ending March 31, 2023 on May 3, 2023. Following the report, management will conduct a conference call at 2:00 PM PT to discuss the results. The call can be accessed by dialing +1 888-886-7786 domestically or +1 416-764-8658 internationally. A replay will be available post-call. For additional details, the webcast link will be provided. As a pioneer in online marketplace solutions, QuinStreet aims to connect consumers with relevant brands effectively.

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QuinStreet, a leader in performance marketplaces, reported robust FYQ2 results, with revenue of $134 million, exceeding expectations. Despite a GAAP net loss of $8 million, adjusted EBITDA was positive at $1 million. The company boasts a strong balance sheet, with $79.1 million in cash and no bank debt. The CEO indicated a rebound in client spending, particularly in auto insurance, forecasting record revenue of $160 to $170 million for FYQ3 and full-year revenue between $610 and $630 million. Expectations for adjusted EBITDA in FYQ3 are between $7 and $8 million, suggesting a significant positive shift in financial performance.

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FAQ

What is the current stock price of QuinStreet (QNST)?

QuinStreet (QNST) last closed at $20.32.

What is the market cap of QuinStreet (QNST)?

The market cap of QuinStreet (QNST) is approximately $1.2B.