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

Quantum

02/06/2023 14:16

* Quantum Corp  QMCO.OQ   QMCO.O  is expected to show a rise
in
quarterly revenue when it reports  results on June 6. 
    * The San Jose California-based  company is expected to
report  a
7.2% increase in revenue to $102.039 million from $95.21 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. The company's guidance on February 2
2023, for the period ended March 31, was for revenue between
$100.00 million and $104.00 million.
    * ​Refinitiv's mean analyst estimate for Quantum Corp is for
a
loss of 4 cents per share. The company's EPS guidance on
February 2 2023, for the period ended March 31, was between
$-0.06 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
$3​, above​ its last closing price of $1.20. ​​​

The company's guidance on February 2 2023 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of of USD500 thousand.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  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. 31 2022  -0.07       -0.07      -0.05     Beat    25.9
 ​​Dec.        0.01        0.01       -0.07     Missed  -1,033
 31 2021                                                .3
 Sep. 30 2021  -0.04       -0.04      0.00      Beat    100​
 Jun. 30 2021  -0.01       -0.01      0.00      Beat    126.7
 Mar. 31 2021  0.00        0.01       0.03      Beat    200
 This summary was machine generated June 2 at 13:16 GMT.  All
figures in US dollars  unless otherwise stated