Quinstreet, Inc (QNST) Tops Q1 EPS by 1c, Revenues Beat; Raises FY19 Revenue Growth Outlook to 15-20%

Quinstreet, Inc (NASDAQ: QNST) reported Q1 EPS of $0.14, $0.01 better than the analyst estimate of $0.13. Revenue for the quarter came in at $112.9 million versus the consensus estimate of $102.94 million.

• Reports revenue growth of 29%
• Grows adjusted EBITDA 56%
• Delivers over 20% growth in all reported client verticals
• Builds net cash to $70.5 million
• Raises full fiscal 2019 revenue growth outlook to 15-20%

“We continued to see strong demand for our digital performance marketplace solutions in Fiscal Q1,” commented Doug Valenti, QuinStreet CEO. “Client spend is growing as marketing efforts align with the rapid growth of the digital channel. QuinStreet is delivering increasingly measurable and attractive results to clients in the digital channel due to our superior technologies and strong networks.

“We are raising our revenue outlook for full fiscal year 2019 to growth of between 15 and 20% over last year. We expect to continue to expand margins and that full fiscal year 2019 adjusted EBITDA margin will be approximately 10%,” concluded Valenti.

For earnings history and earnings-related data on Quinstreet, Inc (QNST) click here.

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