Quest Resource Holding Q2 2024 Adj. EPS $0.03 Beats $(0.01) Estimate, Sales $73.145M Miss $76.700M Estimate
Portfolio Pulse from Benzinga Newsdesk
Quest Resource Holding (NASDAQ:QRHC) reported Q2 2024 adjusted EPS of $0.03, beating the $(0.01) estimate by 400%. However, sales of $73.145M missed the $76.700M estimate by 4.63%, marking a 1.81% decrease from the same period last year.
August 08, 2024 | 8:04 pm
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Quest Resource Holding reported Q2 2024 adjusted EPS of $0.03, beating the $(0.01) estimate by 400%. However, sales of $73.145M missed the $76.700M estimate by 4.63%, marking a 1.81% decrease from the same period last year.
The significant EPS beat is a positive indicator, but the sales miss and year-over-year decline in revenue present concerns. The mixed results are likely to result in neutral short-term price movement as investors weigh the positive earnings against the negative sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100