Quest Resource Holding Q2 EPS $0.07 Beats $(0.04) Estimate, Sales $74.50M Miss $75.23M Estimate
Portfolio Pulse from Benzinga Newsdesk
Quest Resource Holding (NASDAQ:QRHC) reported Q2 earnings of $0.07 per share, beating the analyst consensus estimate of $(0.04) by 275 percent. However, this is a 63.16 percent decrease from the same period last year. The company's quarterly sales of $74.50 million missed the analyst consensus estimate of $75.23 million by 0.97 percent, marking a 3.13 percent decrease from last year.
August 14, 2023 | 8:01 pm
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QRHC's Q2 earnings beat estimates but sales missed and are down YoY. This mixed result could lead to uncertainty in the market.
QRHC's earnings beat estimates, which is a positive signal. However, the decrease in sales compared to last year and the miss on sales estimates could be a concern for investors, leading to potential uncertainty in the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100