QNST
QuinStreet, Inc.
QNST's fundamentals are strong and it looks cheap: trading at 12x earnings, about a third of its usual 42x. Analysts expect strong earnings growth, though they disagree widely on how much.
QNST Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Healthy | |
| Strong |
QNST's revenue, profitability, cash flow and balance sheet are all currently healthy.
QNST PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 11x | $19.12 | — |
| Current | 12x | $19.12 | — |
| Cheap | 13x | $21.39 | +12% |
| Fair | 42x | $67.83 | +255% |
| Expensive | 103x | $165 | +765% |
Historical ranges are pointers, not guarantees.
QNST's PE is in its cheap range at 12x. If earnings grow as analysts expect, today's price would be 11x next year's earnings.
QNST Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Stable | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for QNST, with profitability holding steady. However, they disagree widely on these estimates.
QNST Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.70 | +5.8% |
| Q3 2026 | $1.61 | +794% |
| Q2 2026 | $1.40 | +1650% |
| Q1 2026 | $1.13 | +$1.14 |
| Q4 2025 | $1.08 | +$1.30 |
| Q3 2025 | $0.18 | +$0.58 |
| Q2 2025 | $0.08 | +$0.65 |
| Q1 2025 | -$0.01 | +$1.56 |
| Q4 2024 | -$0.22 | +$1.23 |
QNST's earnings per share have climbed steadily: $1.61 over the past year, about nine times what it earned the year before, and higher year over year for 10 quarters in a row.
QNST Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $416.7M | +46% |
| Q2 2026 | $373.9M | +43% |
| Q1 2026 | $346.1M | +28% |
| Q4 2025 | $287.8M | +1.9% |
| Q3 2025 | $285.9M | +2.4% |
| Q2 2025 | $262.1M | +32% |
| Q1 2025 | $269.8M | +60% |
| Q4 2024 | $282.6M | +130% |
QNST's revenue has grown year over year for 10 quarters in a row: $417M last quarter, up 46% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 5.6% | +3.9 points |
| Q2 2026 | 5.1% | +3.6 points |
| Q1 2026 | 3% | +1.2 points |
| Q4 2025 | 0.4% | +0.9 points |
| Q3 2025 | 1.7% | +2.1 points |
| Q2 2025 | 1.5% | +2.2 points |
| Q1 2025 | 1.8% | +5 points |
| Q4 2024 | -0.5% | +8.8 points |
QNST's operating margin was 5.6% last quarter, up 3.9 points from the same quarter a year ago, near the top of its range since 2019.
QNST Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $23.1M | +25% |
| Q2 2026 | $52.4M | +78% |
| Q1 2026 | $36.4M | +23% |
| Q4 2025 | $20.7M | -46% |
| Q3 2025 | $18.4M | +$32.6M |
| Q2 2025 | $29.3M | +91% |
| Q1 2025 | $29.5M | +917% |
| Q4 2024 | $38.2M | +$43.2M |
QNST generated $133M in free cash flow over the past year, up 15% from the year before.
QNST Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.2% | +687K shares |
| 1 year | +0.1% | +81K shares |
| 3 years | +8% | +4.4M shares |
| 5 years | +5.5% | +3.1M shares |
| Available history | +10% | +5.4M shares |
QNST has 59M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $14.6M |
| Q1 2026 | $1,000 |
| Q4 2025 | $10.1M |
| Q3 2025 | $6.7M |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
QNST spent $25M buying back its own shares over the past year, about four times what it spent the year before.
QNST Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.9x | Net Cash |
| Q2 2026 | -1.0x | Net Cash |
| Q1 2026 | -0.8x | Net Cash |
| Q4 2025 | -2.9x | Net Cash |
| Q3 2025 | -2.8x | Net Cash |
| Q2 2025 | -3.3x | Net Cash |
| Q1 2025 | -3.1x | Net Cash |
| Q4 2024 | -3.6x | Net Cash |
QNST has more cash than debt.
QNST Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 58.8 | Neutral |
| Stochastic | 61.2 | Neutral |
QNST's weekly RSI is 59 (neutral) and its Stochastic is 61 (neutral).
QNST PE vs Communication Services Sector
| Metric | QNST | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 16x | 28% below |
| PE % | 12 | 26 | 14 pts below |
QNST is trading at 12x earnings, a 28% discount to the Communication Services sector's median of 16x.
QNST Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $16.9 | 13% above |
| 20 week MA | $17.6 | 8.9% above |
| 50 week MA | $14.8 | 29% above |
| 100 week MA | $16.0 | 20% above |
| 200 week MA | $15.3 | 25% above |
QNST is in an uptrend: it's above all five of its weekly moving averages, and 25% above its 200-week average.
QNST Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $15.5 | $22.3 | +44% |
| 2021 | $22.3 | $18.3 | -18% |
| 2022 | $18.3 | $14.0 | -24% |
| 2023 | $14.0 | $12.8 | -8.4% |
| 2024 | $12.8 | $23.9 | +86% |
| 2025 | $23.9 | $14.4 | -39% |
| 2026 YTD | $14.4 | $19.1 | +33% |
QNST is up 33% so far in 2026, after finishing lower in four of the previous six years.