QuinStreet, Inc. - QNST STOCK NEWS

QuinStreet, Inc. (Nasdaq: QNST) reported FYQ3 revenue of $150.7 million, a 2% decrease year-over-year. The firm achieved a GAAP net income of $2.2 million ($0.04 per diluted share) and adjusted net income of $4.9 million ($0.09 per diluted share). Notably, non-Insurance revenue grew 35% YoY, representing 50% of total revenue. The Board authorized a $40 million share repurchase program, indicating confidence amid challenges in the insurance sector. For FYQ4, revenue guidance is between $138 million and $142 million, with adjusted EBITDA expected between $4.5 million and $5 million.

QuinStreet, Inc. (Nasdaq: QNST) is set to report its third-quarter financial results for the fiscal year 2022 after market close on May 4, 2022. Management will host a conference call and webcast at 2:00 PM PT that same day to discuss the outcomes. Known for its leadership in performance marketplace technologies for financial and home services, QuinStreet aims to provide essential tools for consumers in making informed purchasing decisions.

On March 14, 2022, QuinStreet, Inc. (Nasdaq: QNST) announced participation in a virtual non-deal roadshow with Stephens, Inc. scheduled for March 21 and 22. The company aims to discuss its performance momentum, market opportunities, and business model with potential investors. As a leader in performance marketplaces for the financial and home services industries, QuinStreet focuses on connecting consumers with brands through digital media solutions.

Modernize Home Services has launched Connect, an automated messaging platform aimed at enhancing communication between contractors and homeowners. A survey revealed 46% of homeowners prefer text messaging for contractor interactions. This platform automates follow-up communication, potentially increasing closing rates by 15%. Connect supports personalized messages across various platforms and includes features for monitoring homeowner satisfaction. Currently, over 1,400 clients in the U.S. are using the service, which will be free for new and existing customers for two months.

QuinStreet, Inc. (Nasdaq: QNST) reported fiscal Q2 2022 results, revealing revenue of $125.3 million, down 7% year-over-year. The company incurred a GAAP net loss of $5.6 million or ($0.10) per diluted share, while adjusted net income was $3.2 million or $0.06 per diluted share. Operating cash flow stood at $13.9 million, ending the quarter with $115.0 million in cash. The outlook for FY 2022 revenue is adjusted to $600 million - $620 million due to anticipated insurance market volatility. The company expects Q3 revenue between $155 million - $160 million.

QuinStreet, Inc. (Nasdaq: QNST) is set to report its financial results for the second quarter of fiscal year 2022, ending December 31, 2021, on February 8, 2022, after market close. A conference call will be held at 2:00 PM PT to discuss the results. Known for its performance marketplace technologies in the financial and home services sectors, QuinStreet aims to connect consumers with brands through digital media solutions.

MyBankTracker.com announced the Best of Banking Awards for 2022, highlighting top financial institutions and products across 24 categories. The awards aim to assist consumers in making informed financial choices by evaluating banks based on fees, interest rates, and consumer-friendly features. Notable winners include Chase, TD Bank, and PNC Bank for national banks, with Axos Bank and Ally Bank recognized for online banking. MyBankTracker has been providing these awards for over a decade, helping Americans improve their financial decisions.