-$0.14 Earnings Per Share Expected for Qumu Corp (NASDAQ:QUMU) This Quarter

Brokerages predict that Qumu Corp (NASDAQ:QUMU) will post earnings of ($0.14) per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Qumu’s earnings. Qumu posted earnings of $0.25 per share in the same quarter last year, which suggests a negative year over year growth rate of 156%. The business is scheduled to report its next quarterly earnings results on Tuesday, October 29th.

On average, analysts expect that Qumu will report full year earnings of ($0.67) per share for the current fiscal year. For the next financial year, analysts expect that the firm will post earnings of ($0.45) per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Qumu.

Several brokerages have recently weighed in on QUMU. Dougherty & Co began coverage on shares of Qumu in a research note on Wednesday, July 10th. They issued a “buy” rating on the stock. Zacks Investment Research downgraded shares of Qumu from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, ValuEngine downgraded shares of Qumu from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Qumu currently has a consensus rating of “Hold” and a consensus target price of $3.00.

Shares of QUMU traded down $0.10 during midday trading on Tuesday, hitting $3.05. The stock had a trading volume of 78,669 shares, compared to its average volume of 40,841. Qumu has a 1 year low of $1.85 and a 1 year high of $4.78. The stock has a market capitalization of $32.80 million, a price-to-earnings ratio of -3.18 and a beta of 0.24. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.17. The company’s 50 day moving average is $3.98.

About Qumu

Qumu Corporation provides tools to create, manage, secure, distribute, and deliver live and on-demand video content for the enterprises. It offers an end-to-end video creation, management, and delivery solution through the sale of software licenses and hardware, software on server appliance, software-enabled devices, and a cloud-hosted software-as-a-service platform.

Read More: What are the advantages of the Stochastic Momentum Index?

Get a free copy of the Zacks research report on Qumu (QUMU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Qumu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qumu and related companies with MarketBeat.com's FREE daily email newsletter.