The 10-second takeaway
For the quarter ended March 31 (Q4), Quantum missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank. Non-GAAP earnings per share. GAAP loss per share grew.
Gross margins expanded, operating margins shrank, net margins contracted.
Quantum reported revenue of $140.0 million. The four analysts polled by S&P Capital IQ predicted sales of $146.4 million on the same basis. GAAP reported sales were 13% lower than the prior-year quarter's $160.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.02. The four earnings estimates compiled by S&P Capital IQ anticipated -$0.01 per share. Non-GAAP EPS were -$0.02 for Q4 against $0.00 per share for the prior-year quarter. GAAP EPS were -$0.06 for Q4 versus -$0.05 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 quarter, gross margin was 41.2%, 50 basis points better than the prior-year quarter. Operating margin was -6.2%, 280 basis points worse than the prior-year quarter. Net margin was -10.4%, 350 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $143.2 million. On the bottom line, the average EPS estimate is -$0.01.
Next year's average estimate for revenue is $605.9 million. The average EPS estimate is $0.03.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 171 members out of 198 rating the stock outperform, and 27 members rating it underperform. Among 24 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 19 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 hold, with an average price target of $2.13.
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