NASDAQ$QNST
QuinStreet Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
QuinStreet's Q1 2023 financial results were announced, revealing a mixed performance with revenue exceeding expectations but a net loss reported.
QuinStreet reported FYQ1 revenue of $143.6 million, exceeding the company's outlook. However, the company reported a GAAP net loss of $4.5 million, or ($0.08) per diluted share, but adjusted net income was $2.5 million, or $0.05 per diluted share.
- FYQ1 revenue reached $143.6 million, surpassing the company's outlook.
- Strong performance was observed in Home Services and Credit-driven client verticals.
- The company was solidly cash flow positive with a strong balance sheet and no bank debt.
- A positive inflection in Insurance revenue is still projected for January.
Headline financials
Revenue & EPS history
QuinStreet · Revenue · Quarterly
$144M
Revenue by segment
QuinStreet · $142M total across 2 segments · Q1 2023
- Financial Services$95M-19.4%67.0%
- Home Services$46.7M+16.9%33.0%
Forward guidance
The company expects trends from the past couple of quarters to continue into the December quarter with strength in Home Services and Credit-driven client verticals offsetting Auto Insurance. They anticipate a significant positive inflection in Auto Insurance beginning in January, leading to a return to strong revenue growth rates and re-expanding adjusted EBITDA margin in the second half of fiscal 2023.
Tailwinds
- Strength in Home Services and Credit-driven client verticals is expected to continue.
- A significant positive inflection in Auto Insurance is expected beginning in January.
- Loss ratios are expected to reset in Auto Insurance.
- Carriers are expected to benefit from rate increases.
- Consumer shopping is expected to intensify in response to higher rates.
Headwinds
- Revenue in fiscal Q2 is expected to be generally flat year-over-year.
- Revenue in fiscal Q2 is expected to be about in line with typical seasonality sequentially.
- Fiscal Q2 revenue is expected to be between $120 and $130 million.
- Adjusted EBITDA in fiscal Q2 is expected to be approximately break-even.
- Current full fiscal year revenue and adjusted EBITDA results are expected to be generally flat with, or better than, last fiscal year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.2%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+5.5%
Avg return
30 days after
47%
30 / 64 earnings
Positive
+36.7%
Q2 2018
Best reaction
-28.0%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +2.8% | -13.7% | -10.6% | |
| Q2 2026 | +10.7% | -2.9% | +10.1% | |
| Q1 2026 | -0.6% | +2.7% | +4.3% | |
| Q3 2025 | -14.5% | -10.4% | -12.1% | |
| Q2 2025 | -4.3% | -8.8% | -27.3% | |
| Q1 2025 | +7.1% | +13.0% | +12.8% | |
| Q4 2024 | -7.0% | -8.5% | +1.4% | |
| Q3 2024 | -2.7% | -7.6% | -12.7% | |
| Q2 2024 | +14.5% | +18.1% | +17.8% | |
| Q1 2024 | -1.1% | -3.4% | +11.5% | |
| Q4 2023 | +9.8% | +6.0% | +2.5% | |
| Q3 2023 | -16.3% | -28.2% | -5.0% | |
| Q2 2023 | +15.4% | +12.3% | +2.8% | |
| Q1 2023 | +17.9% | +18.3% | +26.7% | |
| Q4 2022 | +18.6% | +16.7% | +14.8% | |
| Q3 2022 | +12.3% | +10.2% | +27.1% | |
| Q2 2022 | -28.0% | -27.2% | -27.5% | |
| Q1 2022 | +16.4% | +19.2% | +17.4% | |
| Q4 2021 | +7.8% | +3.0% | +5.9% | |
| Q3 2021 | -8.5% | -11.0% | -10.9% | |
| Q2 2021 | +11.1% | +9.3% | +5.1% | |
| Q1 2021 | +4.1% | -1.6% | +11.7% | |
| Q4 2020 | +7.2% | +9.2% | +16.8% | |
| Q3 2020 | +9.6% | +4.0% | +14.5% | |
| Q2 2020 | +14.2% | +10.9% | -14.0% | |
| Q1 2020 | +17.7% | +19.6% | +19.8% | |
| Q4 2019 | -26.5% | -33.0% | -28.6% | |
| Q3 2019 | +6.5% | +5.7% | +11.9% | |
| Q2 2019 | -21.6% | -23.3% | -32.1% | |
| Q1 2019 | +19.1% | +29.1% | +17.5% | |
| Q4 2018 | -10.3% | -7.0% | -2.9% | |
| Q3 2018 | -6.7% | -3.8% | +10.3% | |
| Q2 2018 | +36.7% | +21.1% | +38.1% | |
| Q1 2018 | +24.0% | +18.1% | +44.8% | |
| Q4 2017 | +5.1% | +4.6% | +38.2% | |
| Q3 2017 | -2.5% | -7.8% | -2.5% | |
| Q2 2017 | +2.5% | -0.3% | -0.9% | |
| Q1 2017 | -8.6% | -11.2% | +16.1% | |
| Q4 2016 | -8.1% | -7.2% | +0.0% | |
| Q3 2016 | -9.6% | — | — | |
| Q2 2016 | -9.6% | — | — | |
| Q1 2016 | -8.2% | — | — | |
| Q4 2015 | +2.1% | — | — | |
| Q3 2015 | +5.8% | — | — | |
| Q2 2015 | +20.9% | — | — | |
| Q1 2015 | -6.0% | — | — | |
| Q4 2014 | -2.8% | — | — | |
| Q3 2014 | -12.2% | — | — | |
| Q2 2014 | -10.7% | — | — | |
| Q1 2014 | -5.1% | — | — | |
| Q4 2013 | +1.4% | — | — | |
| Q3 2013 | -2.0% | — | — | |
| Q2 2013 | -0.9% | — | — | |
| Q1 2013 | +1.3% | — | — | |
| Q4 2012 | -0.7% | — | — | |
| Q4 2010 | -0.7% | — | — | |
| Q1 2011 | -0.7% | — | — | |
| Q3 2011 | -0.9% | — | — | |
| Q3 2012 | -15.2% | — | — | |
| Q2 2012 | +3.1% | — | — | |
| Q1 2012 | -20.4% | — | — | |
| Q2 2011 | -20.4% | — | — | |
| Q4 2011 | -20.4% | — | — | |
| Q3 2010 | +1.1% | — | — |
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