Zacks: Analysts Anticipate Quotient Technology Inc. (NYSE:QUOT) Will Post Earnings of -$0.06 Per Share

Equities analysts expect that Quotient Technology Inc. (NYSE:QUOTGet Rating) will report earnings of ($0.06) per share for the current quarter, Zacks reports. Zero analysts have made estimates for Quotient Technology’s earnings. Quotient Technology reported earnings of ($0.15) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 60%. The firm is expected to report its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Quotient Technology will report full year earnings of ($0.14) per share for the current fiscal year. For the next fiscal year, analysts forecast that the business will post earnings of ($0.12) per share. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that cover Quotient Technology.

Quotient Technology (NYSE:QUOTGet Rating) last issued its earnings results on Wednesday, February 9th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.08). Quotient Technology had a negative net margin of 8.74% and a negative return on equity of 18.98%. The company had revenue of $146.41 million for the quarter, compared to analysts’ expectations of $116.87 million.

A number of analysts have recently weighed in on QUOT shares. StockNews.com started coverage on shares of Quotient Technology in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research upgraded shares of Quotient Technology from a “sell” rating to a “hold” rating in a report on Wednesday, March 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $12.75.

Institutional investors have recently made changes to their positions in the stock. Millennium Management LLC raised its position in shares of Quotient Technology by 334.2% in the 3rd quarter. Millennium Management LLC now owns 410,396 shares of the technology company’s stock valued at $2,389,000 after purchasing an additional 315,879 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. purchased a new position in shares of Quotient Technology in the 4th quarter valued at approximately $259,000. Invesco Ltd. raised its position in Quotient Technology by 17.7% during the 2nd quarter. Invesco Ltd. now owns 73,910 shares of the technology company’s stock worth $799,000 after buying an additional 11,105 shares during the last quarter. Two Sigma Investments LP raised its position in Quotient Technology by 115.5% during the 3rd quarter. Two Sigma Investments LP now owns 1,028,601 shares of the technology company’s stock worth $5,986,000 after buying an additional 551,349 shares during the last quarter. Finally, Trigran Investments Inc. raised its position in Quotient Technology by 9.6% during the 3rd quarter. Trigran Investments Inc. now owns 8,467,079 shares of the technology company’s stock worth $49,278,000 after buying an additional 741,746 shares during the last quarter. 90.79% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:QUOT traded up $0.04 during trading on Wednesday, reaching $6.40. The stock had a trading volume of 12,431 shares, compared to its average volume of 1,081,338. Quotient Technology has a one year low of $5.09 and a one year high of $17.93. The firm has a market cap of $607.49 million, a P/E ratio of -12.98 and a beta of 0.88. The stock has a 50-day moving average of $6.53.

About Quotient Technology (Get Rating)

Quotient Technology Inc operates as a digital media and promotions technology company that offers power integrated digital media and promotions programs for brands and retailers. The company's Quotient Promotions platform offers digital paperless, print promotion, and cash back rebates, including Coupons.com website and mobile applications; brand and retailer websites and mobile applications; and third-party publishing websites and mobile applications.

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