Quantum Corp expected to post a loss of 1 cent a share - Earnings Preview

Quantum

04/08/2023 19:40

* Quantum Corp  QMCO.OQ   QMCO.O  is expected to show a fall
in
quarterly revenue when it reports  results on August 8. 
    * The San Jose California-based  company is expected to
report  a
0.0% decrease in revenue to $97.031 million from $97.07 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. The company's guidance on June 6 2023,
for the period ended June 30, was for revenue between $94.00
million and $100.00 million.
    * ​Refinitiv's mean analyst estimate for Quantum Corp is for
a
loss of 1 cent per share. The company's EPS guidance on June 6
2023, for the period ended June 30, was between $-0.02 and
$0.02 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Quantum
Corp is
$2.25​, above​ its last closing price of $1.08. ​​​

The company's guidance on June 6 2023 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of of USD1 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023              -0.04      -0.04     Met     5.9
 Dec. 31 2023  0.00        0.00       0.02      Beat    500
 Sep. 30 2022  -0.03       -0.02      -0.01     Beat    55.6​
 Jun. 30 2022  -0.04       -0.04      -0.04     Met     -6.7
 ​​Mar.        -0.07       -0.07      -0.05     Beat    25.9
 31 2022                                                
 Dec. 31 2021  0.01        0.01       -0.07     Missed  -1,033
                                                        .3​
 Sep. 30 2021  -0.04       -0.04      0.00      Beat    100
 Jun. 30 2021  -0.01       -0.01      0.00      Beat    126.7
 This summary was machine generated August 4 at 18:40 GMT.  All
figures in US dollars  unless otherwise stated