Brokers Set Expectations for Quest Resource Q1 Earnings

Quest Resource Holding Co. (NASDAQ:QRHC) – Stock analysts at Northland Capmk lowered their Q1 2025 earnings estimates for Quest Resource in a report issued on Thursday, March 13th. Northland Capmk analyst O. Rickert now anticipates that the business services provider will earn ($0.05) per share for the quarter, down from their prior forecast of $0.09. The consensus estimate for Quest Resource’s current full-year earnings is $0.09 per share. Northland Capmk also issued estimates for Quest Resource’s FY2025 earnings at $0.24 EPS.

Quest Resource (NASDAQ:QRHC) last issued its earnings results on Wednesday, March 12th. The business services provider reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). Quest Resource had a positive return on equity of 3.11% and a negative net margin of 2.74%. The company had revenue of $69.97 million for the quarter, compared to the consensus estimate of $73.63 million.

A number of other equities analysts have also weighed in on QRHC. Northland Securities set a $6.50 target price on shares of Quest Resource in a research report on Thursday, March 13th. StockNews.com lowered shares of Quest Resource from a “hold” rating to a “sell” rating in a research report on Thursday, March 13th.

Quest Resource Price Performance

Shares of NASDAQ:QRHC opened at $2.94 on Monday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.52 and a current ratio of 1.52. The firm has a fifty day moving average price of $4.99 and a 200 day moving average price of $6.66. Quest Resource has a fifty-two week low of $2.61 and a fifty-two week high of $10.85. The firm has a market cap of $60.58 million, a price-to-earnings ratio of -7.95, a P/E/G ratio of 0.76 and a beta of 0.66.

Institutional Investors Weigh In On Quest Resource

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new position in Quest Resource in the 3rd quarter worth about $116,000. Geode Capital Management LLC increased its stake in Quest Resource by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 352,670 shares of the business services provider’s stock worth $2,815,000 after buying an additional 3,731 shares during the period. JPMorgan Chase & Co. increased its stake in Quest Resource by 193.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,693 shares of the business services provider’s stock worth $189,000 after buying an additional 15,628 shares during the period. Barclays PLC increased its stake in Quest Resource by 44.9% in the 3rd quarter. Barclays PLC now owns 26,463 shares of the business services provider’s stock worth $211,000 after buying an additional 8,203 shares during the period. Finally, Truist Financial Corp purchased a new position in Quest Resource in the 4th quarter worth about $1,605,000. Hedge funds and other institutional investors own 48.16% of the company’s stock.

About Quest Resource

Quest Resource Holding Corporation, together with its subsidiaries, provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States. The company provides disposal and recycling services for motor oil and automotive lubricants, oil filters, scrap tires, oily water, goods destruction, food waste, meat renderings, cooking oil and grease trap waste, plastics, cardboard, metal, glass, mixed paper, construction debris, as well as a large variety of regulated and non-regulated solid, liquid, and gas wastes.