QUINSTREET Reports Fourth Quarter Earnings Results for June 30, 2023
August 13, 2023
🌥️Earnings Overview
On August 9th, 2023, QUINSTREET ($NASDAQ:QNST) revealed their fourth quarter earnings results for the period ending June 30th, 2023. Total revenue stood at USD 130.3 million, representing a year-over-year decrease of 11.1%. Net income for the quarter was recorded at -55.9 million, a major drop from the -4.9 million reported for the same period a year ago.
Stock Price
The stock opened at $9.1 and closed at $8.6, representing a 6.2% drop from its previous closing price of $9.2. This decrease in the stock price was likely due to the fact that QUINSTREET’s revenue and profits both fell below the expectations of analysts. Additionally, QUINSTREET’s management discussed its plans for improving its operations and performance, including expanding its online presence, increasing investments in technology, and targeting high-growth markets. These initiatives are expected to help the company drive sales and profitability in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Quinstreet. 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. 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. 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. 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 analysis of QUINSTREET‘s wellbeing. After carefully assessing the financial and business aspects, our Risk Rating has determined that QUINSTREET is a medium risk investment. In particular, our system has detected one risk warning in the income sheet which could be of note to investors. To get a complete overview of this warning and the rest of our analysis, register on goodwhale.com today. Doing so will give you access to our expert opinion and ratings, so you can make an informed decision about QUINSTREET and its potential impact on your portfolio. 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
Investors reacted negatively to Quinstreet‘s fourth quarter earnings, as the company reported a total revenue of USD 130.3 million, a decline of 11.1% year over year. Net income for the quarter was USD -55.9 million, a decrease from the previous year’s figure of -4.9 million. Consequently, the stock price dropped on the same day.
This poor performance raises questions over Quinstreet’s ability to generate sustainable returns in the near future. Investors should watch closely to see if the company is capable of improving its financials moving forward.
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