Quest Resource Holding Second Quarter 2024 Earnings: Misses Expectations

Quest Resource Holding (NASDAQ:QRHC) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$73.1m (down 1.8% from 2Q 2023).
• Net loss: US$1.51m (loss widened by 71% from 2Q 2023).
• US$0.074 loss per share (further deteriorated from US$0.044 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Quest Resource Holding Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) also missed analyst estimates.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Commercial Services industry in the US.

Performance of the American Commercial Services industry.

The company's shares are down 7.0% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Quest Resource Holding.

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