Brokers Issue Forecasts for Quorum Information Technologies Inc.’s FY2024 Earnings (CVE:QIS)

Quorum Information Technologies Inc. (CVE:QIS) – Analysts at Cormark lifted their FY2024 earnings estimates for shares of Quorum Information Technologies in a note issued to investors on Friday, April 26th. Cormark analyst G. Fairweather now anticipates that the company will post earnings per share of $0.03 for the year, up from their previous forecast of $0.02. The consensus estimate for Quorum Information Technologies’ current full-year earnings is $0.02 per share. Cormark also issued estimates for Quorum Information Technologies’ FY2025 earnings at $0.05 EPS.

Quorum Information Technologies Price Performance

Shares of QIS opened at C$0.75 on Monday. The stock has a market capitalization of C$55.13 million, a P/E ratio of -75.00 and a beta of 0.12. Quorum Information Technologies has a twelve month low of C$0.42 and a twelve month high of C$0.80. The company has a 50 day moving average of C$0.72 and a 200-day moving average of C$0.66. The company has a quick ratio of 2.13, a current ratio of 2.39 and a debt-to-equity ratio of 56.24.

Quorum Information Technologies Company Profile

Quorum Information Technologies Inc, an information technology company, focuses on the automotive retail business in Canada and the United States. The company develops, markets, implements, and supports XSellerator, a dealership management system that automates, integrates, and streamlines processes across departments in a dealership; and DealerMine CRM, a sales and service customer relationship management system, as well as a set of business development center services.