Quantum Corp reports results for the quarter ended December 31 - Earnings Summary

• Quantum Corp QMCO.OQ reported a quarterly adjusted loss of 81 cents​​ per share for the quarter ended December 31. The mean expectation of two analysts for the quarter was for a loss of 72 cents per share. Wall Street expected results to range from -75 cents to -70 cents per share.

• Revenue rose 0.9% to $72.55 million from a year ago; analysts expected $72.00 million.

• Quantum Corp's reported EPS for the quarter was a loss of $14.56​.

• The company reported a quarterly loss of $71.43 million.

• Quantum Corp shares had fallen by 67.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 341.7% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the computer hardware peer group is also "hold"

Wall Street's median 12-month price target for Quantum Corp is $19.00

This summary was machine generated from LSEG data February 12 at 10:38 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)