Recap: QuinStreet Q2 Earnings
Portfolio Pulse from Benzinga Insights
QuinStreet (NASDAQ:QNST) reported Q2 earnings with a 20.0% beat on estimated EPS, reporting an EPS of $-0.04 versus an estimate of $-0.05. However, revenue was down $11.37 million from the same period last year. Despite beating last quarter's EPS estimate, the share price dropped by 4.12% the next day.
February 07, 2024 | 9:35 pm
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QuinStreet reported a 20.0% beat on estimated EPS for Q2, with an EPS of $-0.04 versus an estimate of $-0.05, but saw a revenue decline of $11.37 million from the same period last year.
While QuinStreet beat the EPS estimate, the decline in revenue and the historical context of a share price drop following last quarter's earnings beat suggest a mixed impact on the stock price. The EPS beat could be seen positively, but the revenue decline and past performance indicate potential concerns for investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100