Quantum Corp expected to post a loss of 4 cents a share - Earnings Preview

• Quantum Corp QMCO.OQ QMCO.O is expected to show a fall in quarterly revenue when it reports results on January 31 (estimated) for the period ending September 30 2023

• The San Jose California-based company is expected to report a 20.2% decrease in revenue to $79.079 million from $99.14 million a year ago, according to the mean estimate from 3 analysts, based on LSEG data.The company's guidance on August 8 2023, for the period ended September 30, was for revenue between $77.00 million and $83.00 million. (SAL is based on Total Revenue)

• ​LSEG's mean analyst estimate for Quantum Corp is for a loss of 4 cents per share. The company's EPS guidance on August 8 2023, for the period ended September 30, was between $-0.06 and $-0.02

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is "strong buy" or "buy," 3 "hold" and "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 $0.90​, above​ its last closing price of $0.36. ​​​

The company's guidance on August 8 2023 for the period ended September 30 was for Earnings before Interest, Taxes, Depreciation and Amortization of of USD2 million.The company's guidance on August 8 2023 for the period ended September 30 was for gross profit margin of USD42%.

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER ENDING	STARMINESMARTESTIMATE®	LSEG IBES ESTIMATE	ACTUAL	BEAT, MET, MISSED	SURPRISE %
Jun. 30 2023	-0.01	-0.01	-0.05	Missed	-400
Mar. 31 2023		-0.04	-0.04	Met	5.9
Dec. 31 2022	0.00	0.00	0.02	Beat	500​
Sep. 30 2022	-0.03	-0.02	-0.01	Beat	55.6
​​Jun. 30 2022	-0.04	-0.04	-0.04	Met	-6.7
Mar. 31 2022	-0.07	-0.07	-0.05	Beat	25.9​
Dec. 31 2021	0.01	0.01	-0.07	Missed	-1,033.3
Sep. 30 2021	-0.04	-0.04	0.00	Beat	100

This summary was machine generated January 29 at 11:03 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)