Upgrade to SI Premium - Free Trial

Quinstreet, Inc (QNST) Tops Q3 EPS by 4c, Revenues Beat

May 5, 2021 4:52 PM

Quinstreet, Inc (NASDAQ: QNST) reported Q3 EPS of $0.20, $0.04 better than the analyst estimate of $0.16. Revenue for the quarter came in at $153.05 million versus the consensus estimate of $147.59 million.

"Revenue growth accelerated in our fiscal Q3 due to strong client and consumer demand in Insurance and Home Services, improving trends in credit-driven client verticals, and excellent progress with growth initiatives," commented Doug Valenti, QuinStreet CEO.

"We expect the strong business momentum and performance to continue. Revenue in the June quarter, our fiscal Q4, is expected to be between $140 and $145 million, seasonally consistent with last quarter's outperformance and again representing 39% year-over-year growth in revenue excluding divested businesses at the midpoint of the range. We expect adjusted EBITDA to be between $12 and $13 million, consistent with the top-line seasonality of the June quarter, and representing about 50% year-over-year growth at the midpoint of the range," concluded Valenti.

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

Categories

Corporate News Earnings Management Comments

Next Articles