QUINSTREET Reports Fourth Quarter Earnings Results for FY2023
August 21, 2023
🌥️Earnings Overview
On June 30, 2023, QUINSTREET ($NASDAQ:QNST) announced their earnings results for the fourth quarter of the Fiscal Year 2023. Net income for the quarter was -55.9 million, a significant dip from the previous year’s loss of -4.9 million.
Market Price
The company’s stock opened at $9.1 and closed at $8.6, indicating a 6.2% drop from its last closing price of $9.2. The figures come as a result of QUINSTREET‘s strategic investments in their digital marketing solutions, which have helped the company remain competitive in the current market.
In addition, the company has also seen an increase in profitability due to its focus on cost-saving initiatives. Overall, QUINSTREET’s fourth quarter earnings results demonstrate the company’s commitment to achieving long-term success by investing in the right products and services, as well as creating cost-effective strategies. Despite the drop in stock price, QUINSTREET remains confident that its future is bright and that it has the potential for further growth in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Quinstreet. QUINSTREET_Reports_Fourth_Quarter_Earnings_Results_for_FY2023″>More…
| Total Revenues | Net Income | Net Margin |
| 580.62 | -68.87 | -11.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Quinstreet. QUINSTREET_Reports_Fourth_Quarter_Earnings_Results_for_FY2023″>More…
| Operations | Investing | Financing |
| 11.84 | -15.12 | -19.46 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Quinstreet. QUINSTREET_Reports_Fourth_Quarter_Earnings_Results_for_FY2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 337.15 | 107.35 | 4.25 |
Key Ratios Snapshot
Some of the financial key ratios for Quinstreet are shown below. QUINSTREET_Reports_Fourth_Quarter_Earnings_Results_for_FY2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.8% | -3.8% | -3.5% |
| FCF Margin | ROE | ROA |
| -0.5% | -5.0% | -3.8% |
Analysis
At GoodWhale, we have conducted an in-depth analysis of QUINSTREET, and based on our Risk Rating, we have concluded that the company is a medium risk investment in terms of its financial and business aspects. We have also identified a risk warning in its income sheet – sign up to our platform to take a closer look. Our comprehensive analysis includes metrics such as financial health, credit score, and liquidity. We also look at key indicators such as revenue and profitability. With our detailed analysis, we can provide you with confidence when making an informed investment decision. We are committed to helping our users make smart investment decisions. In addition to our analysis of QUINSTREET, we also provide resources that can help you further understand the company and its financial performance. Sign up to GoodWhale today and get started with our easy-to-use platform. More…
Peers
Its competitors include Stran & Co Inc, Artec Global Media Inc, and Beijing Tensyn Digital Marketing Technology JSC.
– Stran & Co Inc ($NASDAQ:STRN)
The company’s market cap is 28.9M as of 2022. The company’s ROE is -0.76%. The company is engaged in the business of providing financial and investment advisory services.
– Artec Global Media Inc ($OTCPK:ACTL)
Artec Global Media Inc. is a media company that operates in the United States and Canada. The company produces and distributes content for television, film, and digital platforms. Artec Global Media Inc. has a market cap of 139.84k as of 2022. The company’s return on equity is 89.54%.
– Beijing Tensyn Digital Marketing Technology JSC ($SZSE:300392)
As of 2022, Beijing Tensyn Digital Marketing Technology JSC has a market cap of 1.24B and a return on equity of -47.42%. The company is engaged in the development, production, and sale of digital marketing products and services. Its products and services include website building, search engine optimization, social media marketing, and mobile marketing. The company has a strong presence in China, with over 100 million registered users and over 1.5 million customers. It has a wide range of products and services that cater to the needs of small and medium businesses. The company is well-funded and has a strong team of experienced professionals.
Summary
Analysts are analyzing the financial results of QUINSTREET after the company reported their earnings for the fourth quarter of FY2023. Total revenue was down 11.1% year-over-year to USD 130.3 million, while net income came in at USD -55.9 million compared to a loss of -4.9 million in the previous year. This has resulted in a decrease in the stock price. Investors are keeping a close eye on QUINSTREET’s performance, as they look for signs of improving profitability and growth in the coming quarters.
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