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

Quantum

08/08/2023 14:31

* Quantum Corp  QMCO.OQ  reported a quarterly adjusted loss
of 5
cents​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for a loss of
one cent per share.
    * Revenue fell 5.4% to $91.79 million from a year ago;
analysts
expected $97.03 million. 
    * Quantum Corp's reported EPS for the quarter was a loss
of 11
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 earnings estimate
revisions by analysts covering the company. 
    * Quantum Corp shares had fallen by 3.7% this quarter and
lost 4.6% so far this year.
    * The company reported a quarterly loss of $10.58 million.
    * Wall Street's median 12-month price target for Quantum
Corp is
$2.25 
    * 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 LSEG Refinitiv data
August 8 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.01          -0.05          Missed
 Mar. 31 2023      -0.04          -0.04          Met
 Dec. 31 2022      0.00           0.02           Beat
 Sep. 30 2022      -0.02          -0.01          Beat