$26.74 Million in Sales Expected for Quest Resource Holding Corp (QRHC) This Quarter
Brokerages expect Quest Resource Holding Corp (NASDAQ:QRHC) to announce $26.74 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Quest Resource’s earnings, with estimates ranging from $26.00 million to $27.48 million. Quest Resource reported sales of $22.51 million in the same quarter last year, which indicates a positive year over year growth rate of 18.8%. The company is scheduled to announce its next quarterly earnings report on Monday, April 1st.
On average, analysts expect that Quest Resource will report full-year sales of $105.26 million for the current fiscal year, with estimates ranging from $104.50 million to $106.02 million. For the next financial year, analysts anticipate that the firm will post sales of $122.27 million, with estimates ranging from $119.50 million to $125.04 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Quest Resource.
A number of equities analysts have recently issued reports on the stock. HC Wainwright reiterated a “buy” rating and issued a $4.00 price target on shares of Quest Resource in a report on Friday, November 16th. ValuEngine upgraded shares of Quest Resource from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd.
An institutional investor recently raised its position in Quest Resource stock. Essex Investment Management Co. LLC increased its stake in Quest Resource Holding Corp (NASDAQ:QRHC) by 120.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,453 shares of the business services provider’s stock after purchasing an additional 71,835 shares during the quarter. Essex Investment Management Co. LLC owned 0.86% of Quest Resource worth $179,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 13.68% of the company’s stock.
Quest Resource Company Profile
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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