Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

QuinStreet Q1 revenue beats estimates on continued auto insurance strength

By Reuters News


Overview

  • US performance marketplaces provider's fiscal Q1 revenue rose 46% yr/yr, beating analyst expectations

  • Adjusted EBITDA for fiscal Q1 more than doubled, beating analyst expectations

  • Company raised full-year 2027 outlook for revenue and adjusted EBITDA


Outlook

  • QuinStreet raises FY27 revenue outlook to $1.5-$1.6 bln, up from prior guidance

  • Company lifts FY27 adj EBITDA outlook to $155-$165 mln

  • QuinStreet expects Q2 revenue of $360-$380 mln and adj EBITDA of $32-$33 mln


Result Drivers

  • AUTO INSURANCE DEMAND - Co said continued strength and broadening of carrier demand in auto insurance drove results

  • HOME SERVICES MOMENTUM - Co said strong momentum continued across its Home Services platform, including HomeBuddy integration

  • AI ADOPTION - Co said it is applying AI across its business to improve productivity and impact, with impressive results


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Revenue

Beat

$416.65 mln

$373.88 mln (6 Analysts)

Q1 Net Income

$17.02 mln

Q1 Adjusted EBITDA

Beat

$42.70 mln

$38.26 mln (6 Analysts)

Q1 Gross Profit

$53.32 mln

Q1 Operating Income

$23.29 mln

Q1 Pretax Profit

$21.13 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the online services peer group is "buy"

  • Wall Street's median 12-month price target for QuinStreet Inc is $22.50, about 23% above its November 3 closing price of $18.29

  • The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago


Reuters Recommended Reads

  • Nov 2 - EverQuote Q3 results beat estimates on insurance carrier demand, growth in key verticals

  • Nov 2 - Roku Q3 revenue beats estimates on advertising, subscription growth

  • Nov 2 - Ibotta Q3 revenue beats analyst estimates on strong consumer demand


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.
To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.
 

Cryptocurrency-related content is intended solely as news and market commentary. Crypto Derivatives are not available to Retail clients registered with Capital Com (UK) Ltd.