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Are You Looking for a Top Momentum Pick? Why QuinStreet (QNST) is a Great Choice
QNSTQuinStreet(QNST) ZACKS·2024-09-17 17:01

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Group 1: Company Overview - QuinStreet (QNST) currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for outperformance in the market [4] Group 2: Price Performance - QNST shares have increased by 3.06% over the past week, matching the performance of the Zacks Internet - Delivery Services industry [6] - Over the past month, QNST's price has risen by 11.44%, significantly outperforming the industry's 4.13% [6] - In the last quarter, QNST shares have surged by 23.11%, and over the past year, they have gained 117.38%, compared to the S&P 500's increases of 4.07% and 28.21% respectively [7] Group 3: Trading Volume - The average 20-day trading volume for QNST is 344,611 shares, which serves as a bullish indicator when combined with rising stock prices [8] Group 4: Earnings Outlook - In the past two months, 3 earnings estimates for QNST have been revised upwards, while only 1 has been revised downwards, leading to an increase in the consensus estimate from 0.60to0.60 to 0.61 [10] - For the next fiscal year, there have been 3 upward revisions with no downward changes, indicating positive earnings momentum [10]