Performance marketing company QuinStreet (NASDAQ:QNST) will be reporting results this Thursday after the bell. Here’s what to look for.
QuinStreet beat analysts’ revenue expectations last quarter, reporting revenues of $287.8 million, up 1.9% year on year. It was a stunning quarter for the company, with a beat of analysts’ EPS estimates and revenue guidance for next quarter exceeding analysts’ expectations.
Is QuinStreet a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting QuinStreet’s revenue to grow 25% year on year, slowing from the 60.1% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. QuinStreet rarely misses Wall Street’s revenue estimates.
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. Omnicom Group delivered year-on-year revenue growth of 69.2%, beating analysts’ expectations by 8.7%, and MediaAlpha reported revenues up 17.3%, topping estimates by 3.5%. Omnicom Group’s stock price was unchanged after the resultswhile MediaAlpha was down 14.9%.
Read our full analysis of Omnicom Group’s results here and MediaAlpha’s results here.
There has been positive sentiment among investors in the media & entertainment segment, with share prices up 11% on average over the last month. QuinStreet is up 14.2% during the same time and is heading into earnings with an average analyst price target of $19 (compared to the current share price of $13.84).
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