QuinStreet Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
QuinStreet (NASDAQ:QNST) Second Quarter 2024 Results
Key Financial Results
Revenue: US$122.7m (down 8.5% from 2Q 2023).
Net loss: US$11.6m (loss widened by 45% from 2Q 2023).
US$0.21 loss per share (further deteriorated from US$0.15 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
QuinStreet Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) missed analyst estimates by 16%.
Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Interactive Media and Services industry in the US.
Performance of the American Interactive Media and Services industry.
The company's shares are up 14% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for QuinStreet that you need to take into consideration.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
