QuinStreet Q3 2024 Adj EPS $0.06, Inline, Sales $168.587M Beat $166.954M Estimate
Portfolio Pulse from Benzinga Newsdesk
QuinStreet (QNST) reported Q3 2024 earnings of $0.06 per share, meeting analyst estimates, but marking a 45.45% decrease from the previous year. Sales reached $168.587M, slightly above the $166.954M estimate but showing a 2.37% year-over-year decline.
May 08, 2024 | 8:25 pm
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QuinStreet's Q3 2024 earnings report showed EPS in line with estimates but a significant decrease from last year, while sales exceeded expectations but also declined YOY.
While QuinStreet met EPS estimates and slightly exceeded sales forecasts, the year-over-year decline in both earnings and sales could temper investor enthusiasm, leading to a neutral short-term impact on the stock price. The company's performance indicates stability in meeting forecasts but also highlights challenges in growth, which investors will weigh carefully.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100