Zacks: Analysts Anticipate QAD Inc. (QADA) Will Announce Earnings of $0.08 Per Share

Equities research analysts expect QAD Inc. (NASDAQ:QADA) to announce earnings per share of $0.08 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for QAD’s earnings. QAD posted earnings of $0.15 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 46.7%. The business is scheduled to report its next quarterly earnings results on Tuesday, November 28th.

On average, analysts expect that QAD will report full-year earnings of $0.32 per share for the current financial year, with EPS estimates ranging from $0.30 to $0.33. For the next year, analysts anticipate that the company will report earnings of $0.45 per share. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for QAD.

QAD (NASDAQ:QADA) last posted its quarterly earnings results on Friday, August 25th. The software maker reported ($0.05) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.07. QAD had a negative return on equity of 0.46% and a negative net margin of 5.98%. The company had revenue of $76.00 million for the quarter, compared to analysts’ expectations of $72.16 million. During the same period in the previous year, the firm earned $0.15 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year.

Several analysts have commented on the company. BidaskClub lowered QAD from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. William Blair reissued an “outperform” rating on shares of QAD in a report on Wednesday, June 28th. Zacks Investment Research lowered QAD from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. ValuEngine raised QAD from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Canaccord Genuity raised their price objective on QAD from $35.00 to $36.00 and gave the company a “buy” rating in a report on Monday, August 28th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $34.25.

Several large investors have recently modified their holdings of QADA. Nationwide Fund Advisors boosted its stake in shares of QAD by 98.8% in the first quarter. Nationwide Fund Advisors now owns 24,548 shares of the software maker’s stock worth $684,000 after acquiring an additional 12,199 shares during the last quarter. Strs Ohio boosted its stake in shares of QAD by 61.0% in the first quarter. Strs Ohio now owns 19,000 shares of the software maker’s stock worth $529,000 after acquiring an additional 7,200 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of QAD by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 69,426 shares of the software maker’s stock worth $1,933,000 after acquiring an additional 2,214 shares during the last quarter. Nine Chapters Capital Management LLC acquired a new stake in shares of QAD in the first quarter worth approximately $348,000. Finally, Alambic Investment Management L.P. boosted its stake in shares of QAD by 4.3% in the first quarter. Alambic Investment Management L.P. now owns 57,893 shares of the software maker’s stock worth $1,612,000 after acquiring an additional 2,400 shares during the last quarter. 53.06% of the stock is currently owned by hedge funds and other institutional investors.

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QAD (QADA) traded down 0.15% on Friday, reaching $33.40. The company had a trading volume of 13,764 shares. The stock’s market capitalization is $638.78 million. The stock’s 50 day moving average is $31.75 and its 200-day moving average is $30.39. QAD has a 1-year low of $20.81 and a 1-year high of $34.05.

About QAD

QAD Inc (QAD) is a provider of vertically oriented enterprise software solutions for global manufacturing companies across the automotive, life sciences, consumer products, food and beverage, high technology and industrial products industries. QAD Enterprise Applications enables measurement and control of business processes and supports operational requirements, including financials, manufacturing, demand and supply chain planning, customer management, business intelligence and business process management.

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