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

Quantum

14/06/2024 21:08

* Quantum Corp  QMCO.OQ   QMCO.O  is expected to show a fall
in
quarterly revenue when it reports  results on June 17 for the
period ending September 30 2023
    * The San Jose California-based  company is expected to
report a
20.7% decrease in revenue to $78.637 million from $99.14 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG 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. (SAL is based on Total Revenue)
    * ​LSEG'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 one available analyst rating on the shares is
"hold".  
    * 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
$0.90​, above​ its last closing price of $0.53. ​​​

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%.
This summary was machine generated June 14 at 20:08 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)