Waste and recycling services provider Quest Resource (NASDAQ:QRHC) will be reporting earnings tomorrow after market hours. Here’s what to expect.
Quest Resource missed analysts’ revenue expectations by 5.6% last quarter, reporting revenues of $72.77 million, up 3.3% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ EBITDA and EPS estimates.
Is Quest Resource a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Quest Resource’s revenue to grow 6.2% year on year to $73.63 million, slowing from the 11.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.03 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Quest Resource has missed Wall Street’s revenue estimates six times over the last two years.
Looking at Quest Resource’s peers in the waste management segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Casella Waste Systems delivered year-on-year revenue growth of 18.9%, beating analysts’ expectations by 2.3%, and Republic Services reported revenues up 5.6%, falling short of estimates by 0.7%. Casella Waste Systems’s stock price was unchanged after the results, while Republic Services was up 3%.
Read our full analysis of Casella Waste Systems’s results here and Republic Services’s results here.
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