Quantum (NYSE:QTM) will announce its earnings results after the market closes on Tuesday, January 23rd. Quantum has set its Q3 guidance at $0.16-0.22 EPS and its Q4 guidance at $0.20-0.26 EPS.
Quantum (NYSE:QTM) last issued its quarterly earnings data on Thursday, November 9th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.13). The company had revenue of $107.10 million for the quarter, compared to analyst estimates of $122.20 million. Quantum had a negative return on equity of 7.26% and a negative net margin of 1.77%. The company’s revenue was down 20.5% on a year-over-year basis. During the same quarter last year, the business earned $0.02 earnings per share.
Shares of Quantum (NYSE QTM) opened at $6.14 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.56 and a debt-to-equity ratio of -0.57. The stock has a market cap of $212.90, a P/E ratio of -24.56, a price-to-earnings-growth ratio of 3.84 and a beta of 2.17. Quantum has a 1 year low of $4.11 and a 1 year high of $9.20.
Separately, Zacks Investment Research downgraded shares of Quantum from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 7th.
Quantum Corporation focuses on scale-out storage, archive and data protection, providing solutions for capturing, sharing, managing and preserving digital assets over the entire data lifecycle. The Company’s end-to-end tiered storage solutions enable users to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity.
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