Quantum Sees FY25 Adj. EPS $(0.10) ± $0.05 Vs $(0.04) Est.; Revenue $310M ± $10M Vs $354.20M
Portfolio Pulse from Benzinga Newsdesk
Quantum Corporation (QMCO) has released its financial projections for FY25, forecasting an adjusted EPS of $(0.10) ± $0.05, which is below the estimated $(0.04). The company also expects revenue to be $310M ± $10M, falling short of the $354.20M estimate.
June 17, 2024 | 8:36 pm
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NEGATIVE IMPACT
Quantum Corporation's FY25 financial projections indicate a significant miss on both adjusted EPS and revenue estimates, which is likely to negatively impact the stock price in the short term.
The significant miss on both adjusted EPS and revenue estimates suggests that Quantum Corporation is facing financial challenges, which is likely to result in a negative market reaction and a decline in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100