The 10-second takeaway
For the quarter ended June 30 (Q1), Quantum met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP loss per share expanded.
Margins dropped across the board.
Quantum recorded revenue of $140.9 million. The three analysts polled by S&P Capital IQ hoped for a top line of $140.8 million on the same basis. GAAP reported sales were 8.2% lower than the prior-year quarter's $153.5 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 -$0.04. The four earnings estimates compiled by S&P Capital IQ forecast -$0.04 per share. GAAP EPS were -$0.07 for Q1 versus -$0.02 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 39.6%, 140 basis points worse than the prior-year quarter. Operating margin was -10.5%, 910 basis points worse than the prior-year quarter. Net margin was -12.4%, 900 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $151.4 million. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $613.9 million. The average EPS estimate is $0.06.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 163 members rating the stock outperform and 23 members rating it underperform. Among 23 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 17 give Quantum a green thumbs-up, and six 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 $2.98.
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