Q2 EPS Estimates for Quantum Boosted by Northland Securities

Key Points

• Northland Securities raised Quantum’s Q2 2027 EPS estimate to $0.09 from a previous estimate of a $0.07 loss, while maintaining an “Outperform” rating and a $24 price target.
• Analyst sentiment is broadly positive: Quantum has a “Moderate Buy” consensus rating, with four Buy ratings and one Sell rating; Lake Street also raised its target to $24.
• Quantum recently reported quarterly EPS of $0.18, beating the $0.17-per-share loss consensus, and revenue of $80.8 million versus the $75.05 million estimate. Shares opened at $20.49, though the stock was reported down 6%.

Quantum Corporation (NASDAQ:QMCO - Free Report) - Northland Securities increased their Q2 2027 earnings per share estimates for shares of Quantum in a note issued to investors on Tuesday, August 11th. Northland Securities analyst N. Chokshi now anticipates that the company will earn $0.09 per share for the quarter, up from their prior estimate of ($0.07). Northland Securities has a "Outperform" rating and a $24.00 price target on the stock. The consensus estimate for Quantum's current full-year earnings is ($0.28) per share. Northland Securities also issued estimates for Quantum's Q3 2027 earnings at $0.08 EPS, Q4 2027 earnings at $0.02 EPS, FY2027 earnings at $0.31 EPS, Q1 2028 earnings at $0.26 EPS, Q2 2028 earnings at $0.20 EPS, Q3 2028 earnings at $0.24 EPS, Q4 2028 earnings at $0.16 EPS and FY2028 earnings at $0.86 EPS.

A number of other equities research analysts also recently issued reports on the company. Lake Street Capital reissued a "buy" rating and set a $24.00 price target (up from $20.00) on shares of Quantum in a research report on Tuesday, August 11th. Wall Street Zen raised shares of Quantum from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Litchfield Hills Research initiated coverage on shares of Quantum in a research report on Monday, August 10th. They issued a "buy" rating for the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of Quantum in a research note on Wednesday, June 24th. Finally, Needham & Company LLC assumed coverage on Quantum in a research note on Wednesday, June 3rd. They issued a "buy" rating for the company. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Quantum has a consensus rating of "Moderate Buy" and a consensus target price of $24.00.

Quantum Stock Down 6.0%

Shares of QMCO opened at $20.49 on Friday. The firm has a market cap of $807.51 million, a PE ratio of -1.55 and a beta of 2.97. The company's fifty day moving average is $13.47 and its two-hundred day moving average is $9.40. Quantum has a fifty-two week low of $4.19 and a fifty-two week high of $27.80.

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

Institutional Trading of Quantum

Hedge funds have recently made changes to their positions in the stock. NBC Securities Inc. bought a new position in Quantum during the 4th quarter worth $26,000. Bank of America Corp DE boosted its holdings in shares of Quantum by 337.5% during the third quarter. Bank of America Corp DE now owns 2,896 shares of the company's stock valued at $29,000 after acquiring an additional 2,234 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Quantum by 322.1% during the third quarter. BNP Paribas Financial Markets now owns 3,461 shares of the company's stock valued at $34,000 after acquiring an additional 2,641 shares during the period. Raymond James Financial Inc. bought a new position in shares of Quantum during the second quarter worth about $46,000. Finally, R Squared Ltd bought a new position in shares of Quantum during the first quarter worth about $58,000. Institutional investors own 63.66% of the company's stock.

About Quantum

Quantum Corporation NASDAQ: QMCO is a technology company that develops and delivers data management and storage solutions for businesses and organizations worldwide. The company's product portfolio includes hardware, software and cloud-based offerings designed to address backup, archive, primary storage and long-term retention needs. Quantum's solutions are geared toward data-intensive environments such as media and entertainment, surveillance, government, education and healthcare, where large volumes of digital content must be reliably stored, managed and accessed.

Quantum's flagship products include the StorNext® data management platform, which provides high-performance shared file storage and workflow acceleration, and the DXi® series of deduplication appliances, which optimize backup and recovery by reducing storage footprints and data transfer times.

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