Quantum (NASDAQ:QMCO) Releases Q2 2027 Earnings Guidance

Quantum (NASDAQ:QMCO) issued an update on its second quarter 2027 earnings guidance on Monday morning. The company provided earnings per share 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.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on QMCO. Weiss Ratings reissued a “sell (d-)” rating on shares of Quantum in a report on Monday, September 21st. Lake Street Capital set a $29.00 price target on shares of Quantum and gave the company a “buy” rating in a report on Monday, September 14th. Wall Street Zen raised shares of Quantum from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Northland Securities raised shares of 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. Finally, Litchfield Hills Research began coverage on shares of Quantum in a research note on Monday, August 10th. They set a “buy” rating on the stock. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $26.50.

Quantum Stock Down 0.0%

Quantum stock opened at $30.42 on Monday. Quantum has a 52-week low of $4.19 and a 52-week high of $35.65. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of -2.30 and a beta of 3.08. The firm has a 50-day moving average price of $24.14 and a two-hundred day moving average price of $14.73.

Quantum (NASDAQ:QMCO) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of ($0.17) by $0.35. The firm 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. Research analysts expect that Quantum will post 0.31 earnings per share for the current 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.