NASDAQ$QNST

QuinStreet Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported record revenue and solid growth, driven by insurance and home services.

QuinStreet reported record fiscal Q2 revenue of $135.0 million, with revenue excluding divested businesses growing 36% year-over-year. The company's GAAP net income was $0.5 million, or $0.01 per diluted share, and adjusted net income was $7.0 million, or $0.13 per diluted share.

  • Reported record fiscal Q2 revenue of $135.0 million.
  • Grew revenue excluding divested businesses 36% year-over-year.
  • Delivered Auto Insurance revenue growth of 57% year-over-year.
  • Outperformed expectations for Modernize Home Services acquisition.

Headline financials

Total Revenue

$135M

Previous: $118M+14.3%
EPS (adj)

$0.13

Previous: $0.12+8.3%
Capital Expenditures

-$1.04M

Previous: -$948K-9.8%
Free Cash Flow

-$575K

Previous: $601K-195.7%
Net Income

$466K

Previous: $1.55M-69.9%
Operating Income

-$231K

Previous: $1.29M-117.9%
Gross Profit

$14.5M

Previous: $12.8M+13.7%
Cash & Equivalents

$103M

Previous: $76.1M+34.8%
Total Assets

$415M

Previous: $339M+22.3%
Stock-Based Comp

$5.56M

Previous: $4.7M+18.2%

Revenue & EPS history

QuinStreet · Revenue · Quarterly

$135M

Q2 2021+14.3%vs Q2 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

QuinStreet · $133M total across 2 segments · Q2 2021

  • Financial Services
    $104M
  • Home Services
    $29.2M

Forward guidance

Expects continued strong momentum and revenue growth in Insurance and Home Services, and continued improvement in Personal Loans and Credit Cards. Expects revenue in fiscal Q3 to be between $145 and $150 million which, at the midpoint of the range, represents 34% year-over-year growth in revenue excluding divested businesses. Expects adjusted EBITDA to be between $13 and $14 million.

Tailwinds

  • Continued strong momentum in Insurance and Home Services
  • Continued revenue growth in Insurance and Home Services
  • Continued improvement in Personal Loans and Credit Cards
  • Continued strong overall Company performance
  • Guides to all-time record quarterly revenue in fiscal Q3

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 Q2 2021

Historical avgQ2 2021

+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

Earnings price reactions
QuarterReport dateReaction (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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