Quest Resource Holding Corp (QRHC) Expected to Announce Earnings of -$0.01 Per Share

Analysts predict that Quest Resource Holding Corp (NASDAQ:QRHC) will report earnings of ($0.01) per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Quest Resource’s earnings. Quest Resource reported earnings per share of ($0.10) in the same quarter last year, which would suggest a positive year-over-year growth rate of 90%. The company is expected to issue its next earnings report on Monday, April 1st.

On average, analysts expect that Quest Resource will report full-year earnings of ($0.18) per share for the current financial year, with EPS estimates ranging from ($0.18) to ($0.17). For the next financial year, analysts anticipate that the firm will report earnings of $0.06 per share, with EPS estimates ranging from $0.03 to $0.08. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Quest Resource.

QRHC has been the subject of several research analyst reports. HC Wainwright reissued a “buy” rating and set a $4.00 price objective on shares of Quest Resource in a research note on Friday, November 16th. ValuEngine raised Quest Resource from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd.

A hedge fund recently bought a new stake in Quest Resource stock. Essex Investment Management Co. LLC acquired a new stake in shares of Quest Resource Holding Corp (NASDAQ:QRHC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 59,618 shares of the business services provider’s stock, valued at approximately $153,000. Essex Investment Management Co. LLC owned 0.39% of Quest Resource as of its most recent filing with the Securities and Exchange Commission (SEC). 13.68% of the stock is owned by institutional investors and hedge funds.

NASDAQ:QRHC traded up $0.06 during trading hours on Tuesday, hitting $1.56. 47,059 shares of the company’s stock traded hands, compared to its average volume of 10,391. The firm has a market capitalization of $23.89 million, a price-to-earnings ratio of -4.11, a P/E/G ratio of 1.85 and a beta of 2.06. Quest Resource has a 52 week low of $1.26 and a 52 week high of $3.10. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.18 and a current ratio of 1.18.

About Quest Resource

Quest Resource Holding Corporation, through its subsidiaries, provides solutions for the reuse, recycle, and dispose various waste streams and recyclables in the United States. The company offers recycling and waste management services for motor oil, oil filters, scrap tires, grease and cooking oil, food waste, and expired food products; and various other materials, such as glass, cardboard, paper, and metal, as well as hazardous materials, plastics, construction debris, batteries, mercury, lights, regulated waste, electronic devices, and industrial cleaning products.

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