Q1 EPS Forecast for Quest Resource Decreased by Analyst

Quest Resource Holding Co. (NASDAQ:QRHC) – Equities researchers at Northland Capmk dropped their Q1 2025 earnings per share estimates for shares of Quest Resource in a research report issued to clients and investors on Thursday, March 13th. Northland Capmk analyst O. Rickert now anticipates that the business services provider will post earnings of ($0.05) per share for the quarter, down from their prior estimate 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 announced its earnings results on Wednesday, March 12th. The business services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The company had revenue of $69.97 million for the quarter, compared to analysts’ expectations of $73.63 million. Quest Resource had a negative net margin of 2.74% and a positive return on equity of 3.11%.

Separately, StockNews.com cut shares of Quest Resource from a “hold” rating to a “sell” rating in a report on Thursday, March 13th.

Quest Resource Price Performance

QRHC opened at $2.81 on Monday. Quest Resource has a 1 year low of $2.61 and a 1 year high of $10.85. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market capitalization of $57.85 million, a price-to-earnings ratio of -7.59, a P/E/G ratio of 0.76 and a beta of 0.66. The firm’s fifty day moving average price is $5.05 and its two-hundred day moving average price is $6.71.

Institutional Trading of Quest Resource

A number of hedge funds have recently bought and sold shares of QRHC. Needham Investment Management LLC purchased a new stake in shares of Quest Resource during the 3rd quarter valued at $2,793,000. Truist Financial Corp purchased a new position in shares of Quest Resource in the 4th quarter worth about $1,605,000. LPL Financial LLC grew its position in Quest Resource by 278.2% during the fourth quarter. LPL Financial LLC now owns 110,184 shares of the business services provider’s stock valued at $716,000 after buying an additional 81,050 shares during the period. Dimensional Fund Advisors LP increased its holdings in Quest Resource by 25.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 265,354 shares of the business services provider’s stock worth $1,724,000 after buying an additional 54,282 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Quest Resource by 147.0% in the fourth quarter. JPMorgan Chase & Co. now owns 58,532 shares of the business services provider’s stock worth $380,000 after acquiring an additional 34,839 shares during the period. 48.16% of the stock is currently owned by institutional investors.

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.