QuinStreet (QNST) Releases Quarterly Earnings Results, Meets Expectations
QuinStreet (NASDAQ:QNST) posted its quarterly earnings results on Tuesday. The company reported $0.07 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.07, AR Network reports. The company had revenue of $66.10 million for the quarter, compared to the consensus estimate of $69.10 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was down 7.9% on a year-over-year basis.
Shares of QuinStreet (NASDAQ:QNST) traded down 2.27% during mid-day trading on Tuesday, hitting $7.74. 180,943 shares of the company’s stock traded hands. QuinStreet has a 52 week low of $5.53 and a 52 week high of $9.71. The stock’s 50-day moving average is $8.57 and its 200-day moving average is $8.9. The company’s market cap is $335.9 million.
On the ratings front, analysts at Credit Suisse raised their price target on shares of QuinStreet from $7.00 to $8.00 in a research note to investors on Wednesday, November 6th. They now have an “underperform” rating on the stock.
QuinStreet, Inc (NASDAQ:QNST) is engaged in vertical marketing and media on the Internet.
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