Cormark Issues Pessimistic Forecast for CVE:QIS Earnings

Quorum Information Technologies Inc. (CVE:QIS) – Analysts at Cormark cut their FY2026 earnings per share estimates for Quorum Information Technologies in a note issued to investors on Wednesday, June 4th. Cormark analyst G. Fairweather now anticipates that the company will post earnings of $0.04 per share for the year, down from their previous estimate of $0.05. The consensus estimate for Quorum Information Technologies’ current full-year earnings is $0.05 per share.

Quorum Information Technologies Stock Down 2.3%

CVE QIS opened at C$0.85 on Monday. The business has a fifty day moving average price of C$0.91 and a two-hundred day moving average price of C$0.94. The company has a debt-to-equity ratio of 28.76, a current ratio of 1.99 and a quick ratio of 2.13. Quorum Information Technologies has a fifty-two week low of C$0.72 and a fifty-two week high of C$1.00. The stock has a market capitalization of C$62.55 million, a PE ratio of 20.89 and a beta of 0.20.

Quorum Information Technologies Company Profile

Quorum Information Technologies Inc, an information technology company, focuses on the automotive retail business in Canada and the United States. The company develops, markets, implements, and supports software products for the automotive market, including Quorum DMS, a dealership management system; Autovance Desk; Menu and MyDeal, a sales desking, menuing, and digital retailing system; DealerMine Service, Sales Customer Relationship Management, and Business Development Centre; Accessible Accessories, a digital retailing platform; and VINN, an automotive marketplace.