Quest Useful resource (QRHC) got here out with a quarterly lack of $0.46 per share versus the Zacks Consensus Estimate of a lack of $0.08. This compares to lack of $0.11 per share a yr in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of -475%. 1 / 4 in the past, it was anticipated that this recycling firm would put up a lack of $0.02 per share when it truly produced a lack of $0.16, delivering a shock of -700%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates simply as soon as.
Quest Useful resource
The sustainability of the inventory’s instant value motion based mostly on the recently-released numbers and future earnings expectations will largely rely upon administration’s commentary on the earnings name.
Quest Useful resource shares have misplaced about 33.7% because the starting of the yr versus the S&P 500’s decline of -5.3%.
What’s Subsequent for Quest Useful resource?
Whereas Quest Useful resource has underperformed the market to this point this yr, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There are not any simple solutions to this key query, however one dependable measure that may assist buyers handle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified recently.
Empirical analysis exhibits a powerful correlation between near-term inventory actions and traits in earnings estimate revisions. Buyers can observe such revisions by themselves or depend on a tried-and-tested score software just like the Zacks Rank, which has a formidable observe report of harnessing the facility of earnings estimate revisions.
Forward of this earnings release, the estimate revisions development for Quest Useful resource: combined. Whereas the magnitude and route of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out consistent with the market within the close to future. You may see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It will likely be fascinating to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is -$0.04 on $79.86 million in revenues for the approaching quarter and -$0.04 on $322.18 million in revenues for the present fiscal yr.
Buyers must be aware of the truth that the outlook for the trade can have a fabric influence on the efficiency of the inventory as properly. By way of the Zacks Trade Rank, Waste Removing Providers is at the moment within the backside 45% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One different inventory from the identical trade, Shimmick Company (SHIM), is but to report outcomes for the quarter ended December 2024. The outcomes are anticipated to be launched on March 13.
This firm is anticipated to put up quarterly lack of $0.29 per share in its upcoming report, which represents a year-over-year change of +50.9%. The consensus EPS estimate for the quarter has remained unchanged over the past 30 days.
Shimmick Company’s revenues are anticipated to be $120 million, down 13.1% from the year-ago quarter.
Ought to You Put money into Quest Useful resource Holding Company. (QRHC)?
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Quest Resource Holding Corporation. (QRHC) : Free Stock Analysis Report
Shimmick Corporation (SHIM) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
