Lake Street Capital Forecasts Quantum Q2 Earnings

Key Points

• Lake Street Capital forecasts Quantum will earn $0.10 per share in Q2 2027 and maintains a “Buy” rating with a $29 price target. The company’s guidance ranges from $0.02 to $0.22 EPS.
• Analyst sentiment is broadly positive: five analysts rate Quantum a Buy and one rates it a Sell, resulting in a “Moderate Buy” consensus and an average price target of $27.33.
• Quantum’s latest quarter exceeded expectations, with $0.18 EPS versus a projected $0.17 loss and revenue of $80.8 million versus a $75.05 million consensus estimate. Institutional investors own 63.66% of the company.

Quantum Corporation (NASDAQ:QMCO - Free Report) - Equities researchers at Lake Street Capital issued their Q2 2027 earnings per share (EPS) estimates for Quantum in a research note issued to investors on Wednesday, October 28th. Lake Street Capital analyst J. Stephan forecasts that the company will earn $0.10 per share for the quarter. Lake Street Capital has a "Buy" rating and a $29.00 price target on the stock. The consensus estimate for Quantum's current full-year earnings is $0.31 per share.

Several other research analysts have also weighed in on the company. Wall Street Zen raised Quantum from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Cantor Fitzgerald began coverage on Quantum in a research note on Friday, October 23rd. They issued an "overweight" rating and a $29.00 price target on the stock. Litchfield Hills Research began coverage on Quantum in a report on Monday, August 10th. They set a "buy" rating on the stock. Northland Securities upgraded shares of Quantum from a "market perform" rating to an "outperform" rating and set a $24.00 price objective for the company in a research note on Tuesday, August 11th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Quantum in a research report on Monday, September 21st. Five investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $27.33.

Quantum Stock Up 0.2%

QMCO stock opened at $20.77 on Friday. The firm has a market cap of $818.55 million, a price-to-earnings ratio of -1.57 and a beta of 3.08. Quantum has a 12-month low of $4.19 and a 12-month high of $35.65. The company's fifty day simple moving average is $24.77 and its 200 day simple moving average is $13.03.

Quantum (NASDAQ:QMCO - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.35. The firm had revenue of $80.80 million for the quarter, compared to the consensus estimate of $75.05 million. Quantum has set its Q2 2027 guidance at 0.020-0.220 EPS.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. R Squared Ltd acquired a new stake in shares of Quantum in the 1st quarter worth about $58,000. Sona Asset Management US LLC bought a new position in Quantum in the 1st quarter valued at about $333,000. Squarepoint Ops LLC acquired a new position in Quantum during the 2nd quarter valued at about $372,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Quantum in the second quarter worth approximately $381,000. Finally, Man Group plc bought a new position in shares of Quantum in the second quarter valued at approximately $755,000. Institutional investors and hedge funds own 63.66% of the company's stock.

Quantum Company Profile

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.

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