Zacks: Analysts Anticipate Quest Resource Holding Corp (QRHC) Will Post Earnings of -$0.01 Per Share

Wall Street analysts expect Quest Resource Holding Corp (NASDAQ:QRHC) to announce earnings of ($0.01) per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Quest Resource’s earnings. Quest Resource posted earnings per share of ($0.10) in the same quarter last year, which would indicate a positive year-over-year growth rate of 90%. The company is scheduled to issue its next earnings report on Monday, April 1st.

On average, analysts expect that Quest Resource will report full-year earnings of ($0.18) per share for the current financial year, with EPS estimates ranging from ($0.18) to ($0.17). For the next fiscal year, analysts anticipate that the company will post earnings of $0.06 per share, with EPS estimates ranging from $0.03 to $0.08. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Quest Resource.

Quest Resource (NASDAQ:QRHC) last announced its quarterly earnings results on Tuesday, November 13th. The business services provider reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). Quest Resource had a negative net margin of 4.07% and a negative return on equity of 5.74%. The firm had revenue of $25.92 million for the quarter, compared to the consensus estimate of $31.14 million.

A number of equities analysts recently commented on QRHC shares. HC Wainwright reissued a “buy” rating and set a $4.00 price target on shares of Quest Resource in a research note on Friday, November 16th. ValuEngine raised Quest Resource from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd.

A hedge fund recently bought a new stake in Quest Resource stock. Essex Investment Management Co. LLC acquired a new stake in shares of Quest Resource Holding Corp (NASDAQ:QRHC) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 59,618 shares of the business services provider’s stock, valued at approximately $153,000. Essex Investment Management Co. LLC owned 0.39% of Quest Resource at the end of the most recent reporting period. 13.75% of the stock is currently owned by institutional investors and hedge funds.

Quest Resource stock traded up $0.02 during midday trading on Friday, reaching $1.60. 3,166 shares of the stock traded hands, compared to its average volume of 12,668. Quest Resource has a 12 month low of $1.26 and a 12 month high of $3.10. The firm has a market cap of $24.50 million, a PE ratio of -4.21, a PEG ratio of 1.94 and a beta of 2.07. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.08.

About Quest Resource

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.

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