Quantum Corp expected to post a loss of 2 cents a share - Earnings Preview

Quantum

31/10/2022 22:13

* Quantum Corp  QMCO.OQ   QMCO.O  is expected to show a rise
in
quarterly revenue when it reports  results on November 2. 
    * The San Jose California-based  company is expected to
report  a
1.5% increase in revenue to $94.532 million from $93.18 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. The company's guidance on August 4
2022, for the period ended September 30, was for revenue between
$91.00 million and $99.00 million.
    * ​Refinitiv's mean analyst estimate for Quantum Corp is for
a
loss of 2 cents per share. The company's EPS guidance on August
4 2022, for the period ended September 30, was between USD-0.04
and USD0 
    * 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
$4​, above​ its last closing price of $1.41. ​​​

The company's guidance on August 4 2022 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD91 million and
USD3.5 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  
 Jun. 30 2022  -0.04       -0.04      -0.04     Met     -6.7
 Mar. 31 2022  -0.07       -0.07      -0.05     Beat    25.9
 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.        -0.01       -0.01      0.00      Beat    126.7
 30 2021                                                
 Mar. 31 2021  0.00        0.01       0.03      Beat    200​
 Dec. 31 2020  -0.02       -0.02      0.00      Beat    100
 Sep. 30 2020  -0.08       -0.08      -0.01     Beat    87
 This summary was machine generated October 31 at 22:13 GMT.  All
figures in US dollars  unless otherwise stated