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.
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.
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