Quantum (NASDAQ:QMCO) Releases Q2 2027 Earnings Guidance

Quantum (NASDAQ:QMCO) updated its second quarter 2027 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 0.020-0.220 for the period, compared to the consensus 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.

Quantum Stock Performance

Shares of QMCO opened at $26.52 on Wednesday. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -2.00 and a beta of 3.08. Quantum has a one year low of $4.19 and a one year high of $35.65. The stock’s fifty day moving average is $24.78 and its 200-day moving average is $15.03.

Quantum (NASDAQ:QMCO) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.35. The company had revenue of $80.80 million during the quarter, compared to analyst estimates of $75.05 million. Quantum has set its Q2 2027 guidance at 0.020-0.220 EPS. Analysts forecast that Quantum will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on QMCO shares. Wall Street Zen upgraded shares of Quantum from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Lake Street Capital set a $29.00 price target on Quantum and gave the company a “buy” rating in a report on Monday, September 14th. Northland Securities upgraded Quantum from a “market perform” rating to an “outperform” rating and set a $24.00 price objective for the company in a research report on Tuesday, August 11th. Litchfield Hills Research began coverage on Quantum in a research report on Monday, August 10th. They set a “buy” rating for the company. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Quantum in a research note on Monday, September 21st. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.50.

Quantum Company Profile

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.