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Jun 30, 2020
QuinStreet Q4 2020 Earnings Report
Reported revenue of $117.0 million with net income of $1.5 million, or $0.03 per diluted share.
Key Takeaways
QuinStreet reported a successful Q4 with revenue of $117.0 million and GAAP net income of $1.5 million, or $0.03 per diluted share. Revenue excluding divested businesses increased 3% year-over-year. The company delivered better-than-expected results and made excellent progress on strategic and operating initiatives.
Revenue for the fourth quarter was $117.0 million.
GAAP net income for the fourth quarter was $1.5 million, or $0.03 per diluted share.
Adjusted net income was $7.4 million, or $0.14 per diluted share.
Adjusted EBITDA for the fourth quarter was $8.4 million, or 7% of revenue.
Forward Guidance
The company expects the trends of strength in Insurance and Home Services, and weakness in credit-driven client markets, to likely continue. Revenue in fiscal Q1 is expected to be between $125 and $130 million with adjusted EBITDA margin to again be in the mid single digits.
Positive Outlook
- Expects strength in Insurance to continue.
- Expects strength in Home Services to continue.
Challenges Ahead
- Expects weakness in credit-driven client markets to continue.
- Forecasting specifics remains challenging due to uncertain times.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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