Quantum (NYSE: QTM ) is expected to report Q3 earnings on Jan. 30. Here's what Wall Street wants to see:
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.
Looking to profit from the makers of computer hardware? You may be missing something obvious about where the money will be made in the tech industry of the future. Is Quantum on the right side of the revolution? Check out the changing landscape and meet the company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.
- Add Quantum to My Watchlist.