Expectations trend
FY2028 · fiscal year ending 2028-06-30 · fmp
QuinStreet, Inc. (QNST)
NASDAQCommunication ServicesAdvertising AgenciesSnapshot 2026-11-04
$20.32+5.50%
Close 2026-11-05 · 1-day change
NASDAQCommunication ServicesAdvertising AgenciesSnapshot 2026-11-04
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
1.87 → 1.87 EPS · FY ending Jun 30, 2028 · 3 analysts
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
Change in the same fiscal period’s mean EPS estimate from Oct 5, 2026 to Nov 4, 2026: (new ÷ prior − 1). Contributor count changed from 3 to 3; this is not the number of analysts revising. The ±10% axis is a display range.
The EPS and P/E reference is not available for QNST yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
Three published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
Cash from operations rises to about $37M | Cash from operations rose to $36.9M, supporting growth. | Improving | Cash from operations falls below $25M next quarter | Cash from operations: $52.77M FY2026-Q4; GAAP. Published target: >= $35M. The stored target says 2026-Q3; this source reports FY2026-Q4. Fiscal/calendar alignment needs review. Aug 26, 202652,770,000 USD · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Compare these dated observations with the operating requirements above
FY2028 · fiscal year ending 2028-06-30 · fmp
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Next earnings date unavailable
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
Observed price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
This is a higher-risk growth business, not a proven durable compounder, because the evidence still classifies earnings quality as loss-making. The long-term thesis is intact, but the signal has shifted from mildly favorable to mixed.
Valuation is neutral in the evidence, with QNST at a 1.17 premium versus peers and the valuation driver aligned with the business outlook. The negative expectations gap suggests expectations are not especially forgiving, though the priced-in assessment is tagged justified and fragility is low.
Near term, recent results show strong growth: fiscal 2026 revenue rose 18%, adjusted EBITDA rose 38%, and the latest quarter expanded its adjusted EBITDA margin. Management is on track on growth and margins, while its AI efforts remain mixed because no direct financial contribution is reported; a guidance cut is a key near-term risk.
Over the next few quarters, the thesis depends on continued revenue growth and margin expansion without a guidance cut. Fed rate cuts or stronger results and guidance from sector peers could support the sector backdrop, while a guidance reduction or weaker sector momentum would weigh on the setup.
For the 1-to-3-year view, QNST combines strong recent execution with elevated risk, loss-making earnings quality, and a sector headwind. The thesis remains intact, but its continuation hinges on management sustaining growth and margins. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| Operating income improved from a loss to $10.3M, showing better profit. |
| Improving |
| Operating income falls below $5M next quarter |
Operating income: $19.123M FY2026-Q4; GAAP. Published target: >= $10M. The stored target says 2026-Q3; this source reports FY2026-Q4. Fiscal/calendar alignment needs review. Aug 26, 202619,123,000 USD · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Revenue grows to about $360M next quarter | QuinStreet grows revenue about 22% yearly, reaching $360M next quarter. | Intact | Revenue falls below $330M next quarter | Revenue: $373.877M FY2026-Q4; GAAP. Published target: ~$360M. The stored target says 2026-Q2; this source reports FY2026-Q4. Fiscal/calendar alignment needs review. Aug 26, 2026373,877,000 USD · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$1.74 → $1.87 · observed estimates
$1.60B → $1.63B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-07-24 | $1.74 | $1,596,985,175 | 3 / 4 |
| 2026-07-25 | $1.74 | $1,596,985,175 | 3 / 4 |
| 2026-07-26 | $1.74 | $1,597,007,000 | 3 / 4 |
| 2026-07-27 | $1.74 | $1,597,007,000 | 3 / 4 |
| 2026-07-28 | $1.74 | $1,597,007,000 | 3 / 4 |
| 2026-07-29 | $1.74 | $1,597,007,000 | 3 / 4 |
| 2026-07-30 | $1.74 | $1,597,007,000 | 3 / 4 |
| 2026-07-31 | $1.74 | $1,597,007,000 | 3 / 4 |
| 2026-08-01 | $1.74 | $1,597,007,000 | 3 / 4 |
| 2026-08-02 | $1.74 | $1,597,007,000 | 3 / 4 |
| 2026-08-03 | $1.74 | $1,597,007,000 | 3 / 4 |
| 2026-08-04 | $1.74 | $1,597,007,000 | 3 / 4 |
| 2026-08-05 | $1.74 | $1,597,007,000 | 3 / 4 |
| 2026-08-06 | $1.74 | $1,597,007,000 | 3 / 4 |
| 2026-08-07 | $1.74 | $1,597,007,000 | 3 / 4 |
| 2026-08-08 | $1.81 | $1,621,009,330 | 3 / 3 |
| 2026-08-09 | $1.81 | $1,621,009,330 | 3 / 3 |
| 2026-08-10 | $1.81 | $1,621,009,330 | 3 / 3 |
| 2026-08-12 | $1.74 | $1,597,007,000 | 3 / 4 |
| 2026-08-13 | $1.74 | $1,597,007,000 | 3 / 4 |
| 2026-08-14 | $1.74 | $1,597,007,000 | 3 / 4 |
| 2026-08-15 | $1.74 | $1,597,007,000 | 3 / 4 |
| 2026-08-16 | $1.74 | $1,597,007,000 | 3 / 4 |
| 2026-08-17 | $1.74 | $1,597,007,000 | 3 / 4 |
| 2026-08-18 | $1.74 | $1,597,007,000 | 3 / 4 |
| 2026-08-19 | $1.74 | $1,597,007,000 | 3 / 4 |
| 2026-08-20 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-08-21 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-08-22 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-08-23 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-08-24 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-08-25 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-08-26 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-08-27 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-08-28 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-08-29 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-08-30 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-08-31 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-09-01 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-09-02 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-09-03 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-09-04 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-09-05 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-09-06 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-09-07 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-09-08 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-09-09 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-09-10 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-09-11 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-09-12 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-09-13 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-09-14 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-09-15 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-09-16 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-09-17 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-09-18 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-09-19 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-09-20 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-09-21 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-09-22 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-09-23 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-09-24 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-09-25 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-09-26 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-09-27 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-09-28 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-09-29 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-09-30 | $1.87 | $1,628,604,500 | 3 / 3 |
| 2026-10-01 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-10-02 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-10-03 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-10-04 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-10-05 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-10-06 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-10-07 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-10-08 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-10-09 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-10-10 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-10-11 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-10-12 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-10-13 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-10-14 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-10-15 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-10-16 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-10-17 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-10-18 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-10-19 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-10-20 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-10-21 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-10-22 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-10-23 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-10-24 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-10-25 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-10-26 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-10-27 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-10-28 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-10-29 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-10-30 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-10-31 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-11-01 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-11-02 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-11-03 | $1.87 | $1,628,604,550 | 3 / 3 |
| 2026-11-04 | $1.87 | $1,628,604,550 | 3 / 3 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 6 Buy / Strong Buy · 0 Hold · 0 Sell / Strong Sell
Recent actions · Oct 6–Nov 4 · 0 recorded
Individual price-target observations are unavailable.
0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior
Oct 6, 2026–Nov 4, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.