Quantum Corp reports results for the quarter ended in December - Earnings Summary

Quantum

02/02/2023 22:50

* Quantum Corp  QMCO.OQ  reported quarterly adjusted
earnings of 2
cents​​ per share for the quarter ended in December. The mean
expectation of four analysts for the quarter was for breakeven
results per share.
    * Revenue rose 16.6% to $111.20 million from a year ago;
analysts
expected $104.99 million. 
    * Quantum Corp's reported EPS for the quarter was a loss
of 2
cents​.
    * The mean earnings estimate of analysts had fallen by
about 100%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Quantum Corp shares had risen by 68.8% this quarter.
    * The company reported a quarterly loss of $2.17 million.
    * Wall Street's median 12-month price target for Quantum
Corp is
$3.50 
    * 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." 

This summary was machine generated from Refinitiv data February
2 at 10:50 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.00           0.02           Beat
 Sep. 30 2022      -0.02          -0.01          Beat
 Jun. 30 2022      -0.04          -0.04          Met
 Mar. 31 2022      -0.07          -0.05          Beat