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Cormark Has Pessimistic Outlook of CVE:QIS FY2025 Earnings

Quorum Information Technologies logo with Computer and Technology background

Quorum Information Technologies Inc. (CVE:QIS - Free Report) - Analysts at Cormark lowered their FY2025 earnings per share estimates for Quorum Information Technologies in a research report issued to clients and investors on Wednesday, June 4th. Cormark analyst G. Fairweather now expects that the company will post earnings per share of $0.02 for the year, down from their previous estimate of $0.04. The consensus estimate for Quorum Information Technologies' current full-year earnings is $0.05 per share.

Quorum Information Technologies Stock Performance

Shares of QIS opened at C$0.87 on Friday. The company's 50 day simple moving average is C$0.92 and its 200-day simple moving average is C$0.94. The firm has a market cap of C$64.03 million, a PE ratio of 21.38 and a beta of 0.20. Quorum Information Technologies has a 12-month low of C$0.72 and a 12-month high of C$1.00. The company has a current ratio of 1.99, a quick ratio of 2.13 and a debt-to-equity ratio of 28.76.

About Quorum Information Technologies

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Quorum Information Technologies Inc, an information technology company, focuses on the automotive retail business in Canada and the United States. The company develops, markets, implements, and supports software products for the automotive market, including Quorum DMS, a dealership management system; Autovance Desk; Menu and MyDeal, a sales desking, menuing, and digital retailing system; DealerMine Service, Sales Customer Relationship Management, and Business Development Centre; Accessible Accessories, a digital retailing platform; and VINN, an automotive marketplace.

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