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

Quantum

13/08/2024 23:21

* Quantum Corp  QMCO.OQ  reported a quarterly adjusted loss
of 9
cents​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of -5
cents.  The mean expectation of two analysts for the quarter was
for a loss of 8 cents per share. Wall Street expected results to
range from -9 cents to -8 cents per share.
    * Revenue fell 22.3% to $71.34 million from a year ago;
analysts
expected $72.00 million. 
    * Quantum Corp's reported EPS for the quarter was a loss
of 22
cents​.
    * The company reported a quarterly loss of $20.82 million.
    * Quantum Corp shares had fallen by 23.3% this quarter and
lost 10.1% so far this year.

FORECAST CHANGES
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 
This summary was machine generated from LSEG data August 13 at
10:20 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024                     -0.09          
 Dec. 31 2023      0.00                          
 Sep. 30 2023      -0.04