Quest Resource Holding Corporation Q3 Adj. EPS $0.02 vs $(0.01) Est., Revenue $70.4M vs $77.698M Est.
Portfolio Pulse from Benzinga Newsdesk
Quest Resource Holding Corporation reported Q3 adjusted earnings per share (EPS) of $0.02, beating the estimate of $(0.01). However, revenue was $70.4M, falling short of the $77.698M estimate.
November 14, 2023 | 9:01 pm
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Quest Resource Holding Corporation exceeded EPS estimates for Q3 but underperformed on revenue expectations.
While the positive EPS surprise may provide a short-term boost to investor confidence, the revenue miss could raise concerns about growth and operational efficiency, potentially offsetting any gains from the EPS beat. The net impact on the stock price could be neutral in the short term as the market digests both aspects of the earnings report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100