Overview
Quest Resource Q3 revenue down 13% yr/yr but beats analyst expectations
Adjusted EBITDA for Q3 beats consensus, showing operational improvements
Company reduced debt by $4.6 mln in Q3, improving financial stability
Outlook
Quest Resource did not provide specific financial guidance for future periods
Result Drivers
OPERATIONAL EXCELLENCE - Initiatives improved sales team productivity and vendor management, enhancing financial results
DEBT REDUCTION - Reduced debt by $4.6 mln in Q3, contributing to financial stability
NEW CONTRACT - Signed a new contract in the food products end market, driving organic growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $63.30 mln | $59.83 mln (3 Analysts) |
Q3 Adjusted EBITDA | Beat | $2.90 mln | $2.35 mln (3 Analysts) |
Q3 Gross Margin | 18.10% | ||
Q3 Gross Profit | $11.50 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the environmental services & equipment peer group is "buy"
Wall Street's median 12-month price target for Quest Resource Holding Corp is $3.00, about 51.7% above its November 7 closing price of $1.45
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 11 three months ago
Press Release: ID:nGNX7b8v3L
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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