QAD Inc. (NASDAQ:QADA) is set to announce second quarter earning results on Wednesday 26th August 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, QADA to report 2Q21 income of $ 0.08 per share from revenue of $ 73.14 million.
For the full year, analysts anticipate top line of $ 301.99 million, while looking forward to income of $ 0.37 per share bottom line.
Previous Quarter Performance
QAD Inc. unfold loss for the first quarter of $ 0.02 per share, from the revenue of $ 74.15 million. The quarterly revenues contracted 5.24 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.06 per share from $ 74.39 million in revenue. The bottom line results beat street analysts by $ 0.04 or 66.67 percent, at the same time, top line results fell short of analysts by $ 0.24 million or 0.32 percent.
Stock Performance
Shares of QAD Inc. traded high $ 0.22 or 0.50 percent on Tuesday, reaching $ 44.40 with volume of 24.20 thousand shares. The stock opened positive for the day at $ 44.37, after closing the previous day trading at $ 44.18.
According to the previous trading day, closing price of $ 44.18, representing a 56.61 % increase from the 52 week low of $ 28.21 and a 19 % decrease over the 52 week high of $ 54.54.
The company has a market capital of $ 872.54 million and is part of the Technology sector and Software – Application industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.072 per share on June 12, 2020. The dividend were payable on July 7, 2020 to holders of record as of the close of business on June 25, 2020 and ex-dividend date on June 24, 2020.
Conference Call
QAD Inc. will be hosting a conference call at 5:00 PM eastern time on 26th August 2020, to discuss its 2Q21 financial results with the investment community. The participants may dial, 1 (844) 739-3990 Toll Free or 1 (412) 317-5719 Toll Number in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/f879g6pk
QAD Inc. provides enterprise software solutions for manufacturing companies in the automotive, life sciences, consumer products, food and beverage, high technology, and industrial products industries worldwide. The company offers QAD Cloud ERP and QAD Enterprise Applications, an integrated suite of software applications, which support the core business processes.
