NASDAQ$QNST
QuinStreet Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Reported record quarterly revenue and net income.
QuinStreet reported record quarterly revenue of $128.7 million, an increase of 11% year-over-year. GAAP net income was $13.9 million, or $0.26 per diluted share. The company generated $15.2 million in operating cash flow and closed the period with $97.1 million in cash and equivalents.
- Record quarterly revenue of $128.7 million, up 11% year-over-year.
- Revenue, excluding divested businesses, was $126.3 million, up 15% year-over-year.
- GAAP net income was $13.9 million, or $0.26 per diluted share.
- Cash and equivalents totaled $97.1 million at the end of the quarter.
Headline financials
Revenue & EPS history
QuinStreet · Revenue · Quarterly
$129M
Revenue by segment
QuinStreet · $122M total across 2 segments · Q1 2024
- Financial Services$72.1M-24.1%59.4%
- Home Services$49.4M+5.7%40.6%
Forward guidance
The Company expects revenue growth and EBITDA to continue to be impacted by coronavirus-related disruption and uncertainty. The Company's current estimate is for fiscal Q4 revenue excluding divested businesses to be down between 5% and 10% year-over-year. Adjusted EBITDA and cash flow margins are expected to be in the lower single-digits.
Tailwinds
- Focus on serving clients and media partners.
- Progress on key new product, media and business expansion initiatives.
- Preserving cash and cash flow.
- Protecting employees from health risks and economic uncertainty.
- Confident and enthusiastic about strategy to narrow and focus efforts on a smaller number of biggest and best long-term business opportunities.
Headwinds
- Continued volatility in client budgets and media, particularly in non-Insurance client verticals.
- Forecasting specifics in these uncertain and unprecedented times is challenging.
- Fiscal Q4 revenue excluding divested businesses expected to be down between 5% and 10% year-over-year.
- Adjusted EBITDA and cash flow margins are expected to be in the lower single-digits
- Effects accelerated during the quarter. Year-over-year growth in revenue excluding divested businesses went from 20% in January to 9% in March.
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 Q3 2020
+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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