Recap: Quest Resource Holding Q4 Earnings
Portfolio Pulse from Benzinga Insights
Quest Resource Holding (NASDAQ:QRHC) reported Q4 earnings, beating estimates with an EPS of $0.03 against an expected -$0.03. Revenue increased by $7.09 million year-over-year. Despite beating last quarter's EPS estimate, the share price dropped by 6.0% the following day.
March 12, 2024 | 8:05 pm
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POSITIVE IMPACT
Quest Resource Holding reported a significant beat on Q4 earnings with an EPS of $0.03, surpassing the expected -$0.03, and a notable year-over-year revenue increase.
The substantial beat on earnings estimates and the year-over-year revenue growth are strong indicators of positive performance. Historically, such beats have led to mixed short-term stock price movements, but the magnitude of this beat and revenue increase suggests a potential positive short-term impact on QRHC's stock price. However, it's important to note that last quarter's beat was followed by a 6.0% drop in share price, indicating market reactions can be unpredictable.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100