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

Quantum

27/10/2023 14:22

* Quantum Corp  QMCO.OQ   QMCO.O  is expected to show a fall
in
quarterly revenue when it reports  results 
    * The San Jose California-based  company is expected to
report  a
20.0% decrease in revenue to $79.309 million from $99.14 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. The company's guidance on August 8
2023, for the period ended September 30, was for revenue between
$77.00 million and $83.00 million.
    * ​Refinitiv's mean analyst estimate for Quantum Corp is for
a
loss of 4 cents per share. The company's EPS guidance on August
8 2023, for the period ended September 30, was between $-0.06
and $-0.02 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"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
$1​, above​ its last closing price of $0.46. ​​​

The company's guidance on August 8 2023 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of of USD2 million.The company's
guidance on August 8 2023 for the period ended September 30 was
for gross profit margin of USD42%.
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 2023  -0.01       -0.01      -0.05     Missed  -400
 Mar. 31 2023              -0.04      -0.04     Met     5.9
 Dec. 31 2022  0.00        0.00       0.02      Beat    500​
 Sep. 30 2022  -0.03       -0.02      -0.01     Beat    55.6
 ​​Jun.        -0.04       -0.04      -0.04     Met     -6.7
 30 2022                                                
 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
 This summary was machine generated October 27 at 13:22 GMT.  All
figures in US dollars  unless otherwise stated