Quantum Corp expected to post a loss of 72 cents a share - Earnings Preview

Reuters
01 Feb
Quantum Corp <qmco.oq> expected to post a loss of 72 cents a share - Earnings Preview </qmco.oq>
  • Quantum Corp QMCO.OQ QMCO.O is expected to show a rise in quarterly revenue when it reports results on February 2 (estimated) for the period ending December 31 2024

  • The San Jose California-based company is expected to report a 0.1% increase in revenue to $72 million from $71.93 million a year ago, according to the mean estimate from 2 analysts, based on LSEG data.The company's guidance on November 13 2024, for the period ended December 31, was for revenue between $70.00 million and $74.00 million.

  • ​LSEG's mean analyst estimate for Quantum Corp is for a loss of 72 cents per share. The company's EPS guidance on November 13 2024, for the period ended December 31, was between $-0.80 and $-0.70

  • 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 mean earnings estimate of analysts was unchanged in the last three months. ​

  • Wall Street's median 12-month price target for Quantum Corp is $19.00​, below​ its last closing price of $22.45. ​​​

The company's guidance on November 13 2024 for the period ended December 31 was for Earnings before Interest, Taxes, Depreciation and Amortization of of USD2 million.

This summary was machine generated January 31 at 21:02 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)

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