Quotient Technology Inc expected to post a loss of 8 cents a share - Earnings Preview

Reuters2023-08-05

* Quotient Technology Inc is expected to show a fall in quarterly revenue when it reports results on August 8.

* The Salt Lake City Utah-based company is expected to report a 0.1% decrease in revenue to $69.171 million from $69.25 million a year ago, according to the mean estimate from 2 analysts, based on Refinitiv data. The company's guidance on May 9 2023, for the period ended June 30, was for revenue between $67.00 million and $72.00 million.

* Refinitiv's mean analyst estimate for Quotient Technology Inc is for a loss of 8 cents per share.

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

* The mean earnings estimate of analysts was unchanged in the last three months.

* Wall Street's median 12-month price target for Quotient Technology Inc is $4, above its last closing price of $3.96.

The company's guidance on May 9 2023 for the period ended June 30 was for Earnings before Interest, Taxes, Depreciation and Amortization of between USD67 million and USD6 million. This summary was machine generated August 5 at 02:03 GMT. All figures in US dollars unless otherwise stated.

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