Shares of $QuinStreet (QNST.US)$ were up more than 28% after markets close on Monday after the company reported quarterly earnings of $0.22 per share which beat the analyst consensus estimate of $0.15 by 46.67%.
The company, a leader in performance marketplaces and technology for financial and home services, reported quarterly sales of $279.219 million which beat the analyst consensus estimate of $218.976 million by 27.51%. This is a 125.32% increase over sales of $123.923 million the same period last year.
“The strong results were driven by the broad based ramp of auto insurance carrier budgets, and by our expanded client, media, and product footprints," commented Doug Valenti, CEO of QuinStreet.
“The outlook for auto insurance going forward remains strong. Carriers continue to report good results overall and from our channel. We are focused on increasing and optimizing media supply to meet surging carrier demand. Those efforts should eventually further expand margins."
For fiscal Q2, the company expects revenue between $235 million and $245 million, with adjusted EBITDA ranging from $17.5 million to $18.5 million.
The full-year 2025 outlook has also been raised, with projected revenue between $975 million and $1.025 billion and adjusted EBITDA between $75 million and $80 million.
“Finally, we know FCC changes to TCPA rules scheduled to go into effect in January are an area of investor interest. We have included the expected impact from the transition to the new rules in our outlook. Beyond the period of transition to the new rules, we expect the changes to be a positive for QuinStreet and for the channel by raising the bar on competition, and by improving client and consumer results,” concluded Valenti.
