Quest Resource Holding Q4 2023 Adj EPS $0.03 Beats $(0.03) Estimate, Sales $69.342M Miss $73.068M Estimate
Portfolio Pulse from Benzinga Newsdesk
Quest Resource Holding (QRHC) reported Q4 2023 adjusted EPS of $0.03, surpassing the $(0.03) estimate, marking a 250% increase from last year. However, their sales of $69.342M fell short of the $73.068M estimate, despite being an 11.39% increase from the previous year.
March 12, 2024 | 8:03 pm
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NEUTRAL IMPACT
Quest Resource Holding reported a significant earnings beat but missed on sales estimates for Q4 2023.
While QRHC's earnings per share significantly exceeded expectations, indicating operational efficiency and profitability, the miss on sales forecasts could raise concerns about growth and market demand. The mixed results present a neutral outlook, as the positive earnings surprise may offset concerns about sales performance in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100