Quantum (NASDAQ:QMCO – Get Free Report) issued an update on its second quarter 2027 earnings guidance on Monday. The company provided earnings per share guidance of 0.020-0.220 for the period, compared to the consensus EPS estimate of 0.120. The company issued revenue guidance of $80.0 million-$84.0 million, compared to the consensus revenue estimate of $82.0 million.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the company. Lake Street Capital set a $29.00 price objective on Quantum and gave the company a “buy” rating in a research note on Monday, September 14th. Litchfield Hills Research started coverage on Quantum in a research report on Monday, August 10th. They issued a “buy” rating for the company. Wall Street Zen upgraded Quantum from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Northland Securities raised Quantum from a “market perform” rating to an “outperform” rating and set a $24.00 price target on the stock in a research report on Tuesday, August 11th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Quantum in a research note on Monday, September 21st. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $26.50.
Check Out Our Latest Stock Report on QMCO
Quantum Trading Down 9.6%
Quantum (NASDAQ:QMCO – Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.35. The company had revenue of $80.80 million for the quarter, compared to analyst estimates of $75.05 million. Quantum has set its Q2 2027 guidance at 0.020-0.220 EPS. As a group, analysts predict that Quantum will post 0.31 EPS for the current fiscal year.
About Quantum
Quantum Corporation (NASDAQ:QMCO) provides data storage, management and protection solutions for organizations that generate and retain large volumes of unstructured data. Its customers include businesses, media and entertainment companies, government agencies, research institutions and other organizations that require long-term data preservation, rapid access and secure information management.
The company’s portfolio includes tape libraries and drives based on Linear Tape-Open (LTO) technology, disk-based backup and deduplication systems, and software for managing files, objects and data workflows.
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