Quantum (NASDAQ:QMCO) Releases Q3 2027 Earnings Guidance

Quantum (NASDAQ:QMCO) updated its third quarter 2027 earnings guidance on Monday. The company provided EPS guidance of 0.100-0.300 for the period, compared to the consensus earnings per share 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 Stock Up 17.4%

Quantum stock traded up $2.52 during mid-day trading on Monday, reaching $16.99. 3,060,255 shares of the company’s stock traded hands, compared to its average volume of 1,134,454. The company has a market cap of $669.58 million, a price-to-earnings ratio of -1.28 and a beta of 3.23. The stock has a 50 day moving average of $24.06 and a two-hundred day moving average of $13.29. Quantum has a 12-month low of $4.19 and a 12-month high of $35.65.

Quantum (NASDAQ:QMCO) last released its quarterly earnings data on Monday, November 9th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.13 by $0.12. The business had revenue of $89.63 million for the quarter, compared to the consensus estimate of $82.30 million. Quantum has set its Q3 2027 guidance at 0.100-0.300 EPS. As a group, sell-side analysts forecast that Quantum will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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