Quantum Corp expected to post a loss of 7  cents a share - Earnings Preview

Quantum

06/06/2022 21:34

* Quantum Corp  QMCO.OQ   QMCO.O  is expected to show a fall
in
quarterly revenue when it reports  results on June 8. 
    * The San Jose California-based  company is expected to
report  a
1.0% decrease in revenue to $91.52 million from $92.43 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 7 cents per share. For the same quarter last year, the
company reported earnings of 3 cents per share.
    * 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
$6​, above​ its last closing price of $2.03. ​​​
    * 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 2021  0.01        0.01       -0.07     Missed  -1,033
                                                        .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
 ​​Dec.        -0.02       -0.02      0.00      Beat    100
 31 2020                                                
 Sep. 30 2020  -0.08       -0.08      -0.01     Beat    87​
 Jun. 30 2020  -0.19       -0.19      -0.17     Beat    8.9
 Mar. 31 2020  0.00        0.01       -0.06     Missed  -550.1
 This summary was machine generated June 6 at 20:34 GMT.  All
figures in US dollars  unless otherwise stated