QAD Inc. (QADA) Scheduled to Post Quarterly Earnings on Tuesday
QAD Inc. (NASDAQ:QADA) is scheduled to be announcing its earnings results after the market closes on Tuesday, November 21st. Analysts expect the company to announce earnings of ($0.04) per share for the quarter.
QAD (NASDAQ:QADA) last released its earnings results on Friday, August 25th. The software maker reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.07. The firm had revenue of $76.00 million for the quarter, compared to the consensus estimate of $72.16 million. QAD had a negative net margin of 5.98% and a negative return on equity of 0.47%. The company’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 EPS. On average, analysts expect QAD to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of QAD Inc. (QADA) opened at $36.95 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.59 and a current ratio of 1.59. QAD Inc. has a 1 year low of $24.50 and a 1 year high of $39.70.
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A number of analysts have recently weighed in on QADA shares. BidaskClub downgraded shares of QAD from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Stifel Nicolaus upped their target price on shares of QAD from $33.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, September 20th. Zacks Investment Research downgraded shares of QAD from a “buy” rating to a “hold” rating in a research report on Saturday, October 28th. Finally, Canaccord Genuity upped their target price on shares of QAD from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, August 28th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $37.00.
QAD Company Profile
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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