Quantum Corp expected to post a loss of 8 cents a share - Earnings Preview

Quantum

09/08/2024 22:03

* Quantum Corp  QMCO.OQ   QMCO.O  is expected to show a fall
in
quarterly revenue when it reports  results on August 13 for the
period ending June 30 2024
    * The San Jose California-based  company is expected to
report a
21.6% decrease in revenue to $72 million from $91.79 million a
year ago, according to the mean estimate from 2 analysts, based
on LSEG data.The company's guidance on June 17 2024, for the
period ended June 30, was for revenue between $70.00 million and
$74.00 million.
    * ​LSEG's mean analyst estimate for Quantum Corp is for a
loss
of 8 cents per share. The company's EPS guidance on June 17
2024, for the period ended June 30, was between $-0.11 and
$-0.07 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The average consensus recommendation for the computer
hardware
peer group is also "Hold".​
    * Wall Street's median 12-month price target for Quantum
Corp is
$0.63​, above​ its last closing price of $0.31. ​​​

The company's guidance on June 17 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of of USD-2 million.The company's guidance on June
17 2024 for the period ended June 30 was for gross profit margin
of USD40%.
This summary was machine generated August 9 at 21:03 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)