Wall Street analysts forecast that Quest Resource Holding Corp (NASDAQ:QRHC) will announce earnings per share of ($0.02) for the current quarter, Zacks reports. Two analysts have made estimates for Quest Resource’s earnings, with the highest EPS estimate coming in at $0.01 and the lowest estimate coming in at ($0.04). Quest Resource reported earnings of ($0.07) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 71.4%. The firm is scheduled to issue its next earnings results on Tuesday, November 13th.

On average, analysts expect that Quest Resource will report full-year earnings of ($0.10) per share for the current financial year, with EPS estimates ranging from ($0.14) to ($0.05). For the next fiscal year, analysts forecast that the firm will report earnings of $0.17 per share, with EPS estimates ranging from $0.08 to $0.25. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Quest Resource.

Quest Resource (NASDAQ:QRHC) last released its quarterly earnings data on Tuesday, August 14th. The business services provider reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.02. Quest Resource had a negative return on equity of 7.29% and a negative net margin of 4.21%. The firm had revenue of $27.93 million during the quarter, compared to the consensus estimate of $27.13 million.

QRHC has been the subject of several research analyst reports. ValuEngine raised Quest Resource from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. HC Wainwright dropped their price objective on Quest Resource from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Tuesday, August 21st.

NASDAQ QRHC traded up $0.02 during mid-day trading on Tuesday, hitting $2.30. The stock had a trading volume of 5,618 shares, compared to its average volume of 25,203. Quest Resource has a 52-week low of $1.03 and a 52-week high of $2.91. The company has a market capitalization of $32.01 million, a P/E ratio of -6.05 and a beta of 2.71. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.18.

A hedge fund recently raised its stake in Quest Resource stock. Renaissance Technologies LLC grew its stake in shares of Quest Resource Holding Corp (NASDAQ:QRHC) by 17.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 165,851 shares of the business services provider’s stock after buying an additional 24,900 shares during the period. Renaissance Technologies LLC owned 1.09% of Quest Resource worth $381,000 at the end of the most recent reporting period. 13.02% of the stock is owned by hedge funds and other institutional investors.

About Quest Resource

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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