ARQ (ARQ) Projected to Release Earnings on Wednesday

ARQ (NASDAQ:ARQ) is expected to release its results after the market closes on Wednesday, November 4th. Analysts expect the company to post earnings of $0.04 per share and revenue of $35.23 million for the quarter.

ARQ (NASDAQ:ARQ) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The company had revenue of $29.88 million during the quarter, compared to analyst estimates of $28.57 million.

ARQ Stock Performance

Shares of ARQ stock opened at $1.78 on Wednesday. ARQ has a 12-month low of $1.54 and a 12-month high of $7.00. The firm’s 50 day moving average is $2.04 and its 200 day moving average is $2.52.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ARQ in a report on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, ARQ currently has a consensus rating of “Hold” and a consensus target price of $5.00.

About ARQ

Arq, Inc (NASDAQ: ARQ) is a technology and materials company focused on converting coal waste and other carbon-rich materials into higher-value carbon products. The company’s processing technology is designed to recover and refine carbon from previously discarded coal fines and similar feedstocks.

Arq’s product portfolio includes activated carbon and other specialty carbon materials used in applications such as water purification, air emissions control, industrial processes and energy-related markets.