Quantum Corp expected to post earnings of 1cent a share - Earnings Preview

Quantum

08/02/2022 24:29

* Quantum Corp  QMCO.OQ   QMCO.O  is expected to show a rise
in
quarterly revenue when it reports  results on February 9. 
    * The San Jose California-based  company is expected to
report  a
6.5% increase in revenue to $104.379 million from $98.02 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
earnings of 1 cent per share. For the same quarter last year,
the company reported breakeven results per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"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
$11​, about 58.5% above​ its last closing price of $4.56. ​​​
    * 

This summary was machine generated February 8 at 00:29 GMT.  All
figures in US dollars  unless otherwise stated