The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Quantum's revenues will shrink -8.0% and EPS will decrease -100.0%.
The average estimate for revenue is $159.7 million. On the bottom line, the average EPS estimate is $0.00.
Last quarter, Quantum reported revenue of $147.3 million. GAAP reported sales were 11% lower than the prior-year quarter's $165.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at -$0.02. GAAP EPS were -$0.05 for Q2 against $0.01 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 40.2%, 320 basis points worse than the prior-year quarter. Operating margin was -6.8%, 1,060 basis points worse than the prior-year quarter. Net margin was -8.3%, 1,050 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $598.6 million. The average EPS estimate is -$0.05.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 170 members out of 198 rating the stock outperform, and 28 members rating it underperform. Among 30 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 25 give Quantum a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Quantum is outperform, with an average price target of $1.99.
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