Quantum Corp expected to post a loss of 4 cents a share - Earnings Preview

Quantum

02/11/2021 02:03

* Quantum Corp  QMCO.OQ   QMCO.O  is expected to show a rise in
quarterly revenue when it reports  results on November 3. 
* The San Jose, California-based company is expected to report 
a 1.9% increase in revenue to $87.48 million from $85.82 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Quantum Corp is for a
loss of 4 cents per share. For the same quarter last year, the
company reported a loss of 1 cents per share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"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
$12​, about 51.7% above​ its last closing price of $5.80. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Jun. 302021   -0.01       -0.01      0.00      Beat    126.7
 Mar. 312021   0.00        0.01       0.03      Beat    200
 Dec. 312020   -0.02       -0.02      0.00      Beat    100​
 Sep. 302020   -0.08       -0.08      -0.01     Beat    87
 ​​Jun.        -0.19       -0.19      -0.17     Beat    8.9
 302020                                                 
 Mar. 312020   0.00        0.01       -0.06     Missed  -550.1
                                                        ​
 Dec. 312019   0.13        0.13       0.16      Beat    26.3
 Sep. 302019   0.06        0.06       0.11      Beat    94.1
 This summary was machine generated November 2 at 02:02 GMT.  All
figures in US dollars unless otherwise stated