Quantum (NASDAQ:QMCO) Issues Q3 2027 Earnings Guidance

Quantum (NASDAQ:QMCO) updated its third quarter 2027 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 0.100-0.300 for the period, compared to the consensus EPS estimate of 0.110. The company issued revenue guidance of $89.0 million-$93.0 million, compared to the consensus revenue estimate of $85.5 million.

Quantum Price Performance

Shares of NASDAQ:QMCO traded up $2.52 during midday trading on Monday, hitting $16.99. The company had a trading volume of 2,572,530 shares, compared to its average volume of 1,130,449. The company has a market cap of $669.58 million, a price-to-earnings ratio of -1.28 and a beta of 3.23. Quantum has a 12-month low of $4.19 and a 12-month high of $35.65. The company has a fifty day moving average of $24.06 and a two-hundred day moving average of $13.29.

Quantum (NASDAQ:QMCO) last released its earnings results on Monday, November 9th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.12. The company had revenue of $89.63 million for the quarter, compared to analysts’ expectations of $82.30 million. Quantum has set its Q3 2027 guidance at 0.100-0.300 EPS. Research analysts expect that Quantum will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

QMCO has been the topic of several recent research reports. Northland Securities raised Quantum from a “market perform” rating to an “outperform” rating and set a $24.00 price objective on the stock in a research note on Tuesday, August 11th. Wall Street Zen upgraded Quantum from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Quantum in a report on Monday, September 21st. Litchfield Hills Research initiated coverage on shares of Quantum in a research note on Monday, August 10th. They set a “buy” rating on the stock. Finally, Cantor Fitzgerald initiated coverage on shares of Quantum in a research note on Friday, October 23rd. They set an “overweight” rating and a $29.00 target price on the stock. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.33.

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 offerings are designed to help customers store, protect, archive and access information across on-premises, cloud and hybrid environments.

The company’s product portfolio has included Scalar tape libraries and LTO tape storage products, DXi deduplication and backup appliances, and software-defined storage solutions such as ActiveScale object storage.