Analysts forecast that QuinStreet Inc (NASDAQ:QNST) will report sales of $104.78 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for QuinStreet’s earnings. The lowest sales estimate is $102.37 million and the highest is $107.98 million. QuinStreet reported sales of $87.49 million in the same quarter last year, which indicates a positive year over year growth rate of 19.8%. The company is expected to issue its next quarterly earnings report on Wednesday, January 30th.

According to Zacks, analysts expect that QuinStreet will report full-year sales of $479.57 million for the current fiscal year, with estimates ranging from $475.01 million to $484.30 million. For the next fiscal year, analysts anticipate that the firm will post sales of $543.62 million, with estimates ranging from $527.73 million to $559.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for QuinStreet.

QuinStreet (NASDAQ:QNST) last issued its earnings results on Tuesday, October 30th. The technology company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The business had revenue of $112.90 million during the quarter, compared to analyst estimates of $103.59 million. QuinStreet had a return on equity of 14.14% and a net margin of 4.60%. QuinStreet’s revenue for the quarter was up 29.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 earnings per share.

Several brokerages have issued reports on QNST. BidaskClub raised QuinStreet from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 4th. ValuEngine lowered QuinStreet from a “buy” rating to a “hold” rating in a report on Thursday, November 8th. Craig Hallum reissued a “buy” rating on shares of QuinStreet in a report on Wednesday, October 31st. Zacks Investment Research raised QuinStreet from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Wednesday, November 7th. Finally, William Blair began coverage on QuinStreet in a report on Thursday, October 4th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. QuinStreet presently has an average rating of “Buy” and a consensus price target of $17.79.

In related news, CEO Douglas Valenti sold 38,320 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $14.34, for a total transaction of $549,508.80. Following the sale, the chief executive officer now directly owns 287,919 shares of the company’s stock, valued at $4,128,758.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James R. Simons sold 122,670 shares of the firm’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $16.74, for a total value of $2,053,495.80. The disclosure for this sale can be found here. Insiders sold 229,362 shares of company stock worth $3,606,074 over the last three months. Corporate insiders own 12.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its position in shares of QuinStreet by 717.4% during the 1st quarter. Royal Bank of Canada now owns 17,714 shares of the technology company’s stock valued at $226,000 after buying an additional 15,547 shares in the last quarter. Principal Financial Group Inc. lifted its stake in QuinStreet by 5.4% in the first quarter. Principal Financial Group Inc. now owns 281,113 shares of the technology company’s stock worth $3,590,000 after acquiring an additional 14,292 shares during the period. Piedmont Investment Advisors LLC purchased a new stake in QuinStreet in the second quarter worth $109,000. Los Angeles Capital Management & Equity Research Inc. lifted its stake in QuinStreet by 789.3% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 134,100 shares of the technology company’s stock worth $1,703,000 after acquiring an additional 119,020 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in QuinStreet by 17.3% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 185,525 shares of the technology company’s stock worth $2,356,000 after acquiring an additional 27,375 shares during the period. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

QNST traded down $0.70 during midday trading on Tuesday, hitting $15.20. The stock had a trading volume of 504,624 shares, compared to its average volume of 675,216. The firm has a market cap of $749.21 million, a P/E ratio of 47.50, a P/E/G ratio of 1.12 and a beta of 0.72. QuinStreet has a 1 year low of $8.24 and a 1 year high of $17.75.

About QuinStreet

QuinStreet, Inc, an Internet performance marketing company, provides customer acquisition services for its clients in the United States and internationally. It offers online marketing services to its clients in the form of qualified leads, inquiries, clicks, calls, applications, customers, display advertisements, or impressions through its Websites or third-party publishers.

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Earnings History and Estimates for QuinStreet (NASDAQ:QNST)

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