Quest Resource Holding Q1 2024 Adj EPS $0.08 Up From $0.03 YoY, Sales $72.651M Beat $72.600M Estimate
Portfolio Pulse from Benzinga Newsdesk
Quest Resource Holding (QRHC) reported Q1 2024 adjusted EPS of $0.08, up 166.67% from $0.03 YoY. Sales were $72.651M, slightly beating the $72.600M estimate but down 1.97% from $74.114M YoY.

May 09, 2024 | 9:02 pm
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POSITIVE IMPACT
Quest Resource Holding reported a significant increase in adjusted EPS for Q1 2024, with a slight beat on sales estimates but a decrease in sales YoY.
The significant increase in adjusted EPS indicates strong profitability improvement, which is likely to be viewed positively by investors. The slight beat on sales estimates demonstrates the company's ability to meet market expectations, although the year-over-year decrease in sales might raise concerns about growth. Overall, the positive earnings surprise and profitability improvement are likely to have a more significant impact on investor sentiment in the short term, potentially leading to an increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100