Analysts Expect Quest Resource Holding Corp (QRHC) Will Post Earnings of -$0.02 Per Share

Wall Street brokerages expect Quest Resource Holding Corp (NASDAQ:QRHC) to report earnings of ($0.02) per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Quest Resource’s earnings, with the lowest EPS estimate coming in at ($0.04) and the highest estimate coming in at $0.01. Quest Resource posted earnings of ($0.07) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 71.4%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, November 13th.

On average, analysts expect that Quest Resource will report full-year earnings of ($0.10) per share for the current financial year, with EPS estimates ranging from ($0.14) to ($0.05). For the next financial year, analysts forecast that the company will report earnings of $0.17 per share, with EPS estimates ranging from $0.08 to $0.25. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Quest Resource.

Quest Resource (NASDAQ:QRHC) last released its quarterly earnings data on Tuesday, August 14th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.02. Quest Resource had a negative net margin of 4.21% and a negative return on equity of 7.29%. The business had revenue of $27.93 million during the quarter, compared to analyst estimates of $27.13 million.

Several research firms recently issued reports on QRHC. HC Wainwright reduced their price objective on shares of Quest Resource from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Tuesday, August 21st. ValuEngine raised shares of Quest Resource from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd.

QRHC stock opened at $2.37 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.18. Quest Resource has a 1 year low of $1.03 and a 1 year high of $2.91. The firm has a market capitalization of $37.21 million, a P/E ratio of -6.24 and a beta of 2.82.

Quest Resource Company Profile

Quest Resource Holding Corporation, through its subsidiaries, provides solutions for the reuse, recycle, and dispose various waste streams and recyclables in the United States. The company offers recycling and waste management services for motor oil, oil filters, scrap tires, grease and cooking oil, food waste, and expired food products; and various other materials, such as glass, cardboard, paper, and metal, as well as hazardous materials, plastics, construction debris, batteries, mercury, lights, regulated waste, electronic devices, and industrial cleaning products.

Further Reading: Earnings Per Share (EPS) Explained

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