Quinstreet, Inc (NASDAQ: QNST) reported Q1 EPS of $0.16, $0.07 better than the analyst estimate of $0.09. Revenue for the quarter came in at $139.3 million versus the consensus estimate of $126.94 million.

"Fiscal Q1 was a good quarter for the Company as we continued to deliver strong results, particularly in Insurance and Home Services, our two largest businesses," commented Doug Valenti, QuinStreet CEO. "Auto Insurance revenue growth continued to accelerate, reaching 57% year-over-year, due to unprecedented and broadening demand from clients and good progress with growth initiatives. Home Services momentum was driven by the successful execution of growth initiatives and ahead-of-schedule integration and synergies with the Modernize acquisition."

"Trends in credit-driven businesses, specifically Personal Loans and Credit Cards, stabilized and improved in fiscal Q1."

"As previously announced, we divested the Education client vertical on August 31 as another step in our strategy to narrow our footprint to our best opportunities, and to accelerate revenue growth and margin expansion."

"Looking ahead to the current quarter or fiscal Q2, we expect continued strong momentum and revenue growth in Insurance and Home Services, and we expect continued strong overall Company performance as a result. We expect revenue in fiscal Q2 to be $118 to $122 million, in line with or beating typical seasonality, and representing 21% year-over-year growth excluding divested businesses at the midpoint of the range. We expect adjusted EBITDA margin to be in the mid-single digits, reflecting only typical seasonal fluctuation," concluded Valenti.

GUIDANCE:

Quinstreet, Inc sees Q2 2021 revenue of $118-122 million, versus the consensus of $117.8 million.

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