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Quest Resource (QRHC)
NASDAQ:QRHC
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.03Last Year’s EPS
0.03Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2018
|% Change Since: -28.22%
|Next Earnings Date:Aug 14, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While there were significant advancements in client growth, technology, and debt refinancing, the financial results were negatively impacted by increased costs, client volume decreases, and billing issues. The sentiment reflects a balanced view of optimism for future growth against current financial challenges.Company Guidance
During the QRHC Q3 2024 earnings call, the company provided guidance indicating a strong financial outlook despite recent challenges. The company reported a 3.3% year-over-year revenue increase to $72.8 million but acknowledged temporary setbacks such as a $13 million revenue decrease due to economic headwinds in the industrial sector and higher-than-expected costs. However, they anticipate more than $20 million in net incremental revenue in 2025 from new client wins, with new clients contributing to 60% of the expected revenue run rate during Q3. The company is also optimistic about efficiency gains from its new automated vendor management solution, which is fully operational and expected to deliver $2-3 million in recurring cost savings. They also expect improvements in SG&A growth due to process enhancements. QRHC plans to complete refinancing by year-end, targeting significantly lower interest rates, and sees a robust pipeline and organic growth opportunities for the future.New Client Growth and Onboarding
Quest Resource added 9 new significant clients in 2024, with strong onboarding feedback and record levels of onboarding activity, including more than 2,200 locations in the quarter.
Technology Advancements
Implementation of an automated vendor management solution is expected to save $2 million to $3 million annually, with significant progress already made in Q4.
Positive Pipeline and Prospects
The sales pipeline is robust, with a number of large opportunities in advanced stages, supported by investments in sales operations and leadership.
Debt Refinancing
Quest expects to refinance its debt by the end of the year, anticipating a significant reduction in interest rates and improved terms.
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QRHC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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QRHC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $8.22 | $7.18 | -12.65% |
| Aug 08, 2024 | $8.27 | $7.63 | -7.74% |
| May 09, 2024 | $10.12 | $9.83 | -2.87% |
| Mar 12, 2024 | $6.97 | $7.08 | +1.58% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Quest Resource (QRHC) report earnings?
Quest Resource (QRHC) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Quest Resource (QRHC) earnings time?
Quest Resource (QRHC) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is QRHC EPS forecast?
QRHC EPS forecast for the fiscal quarter 2024 (Q4) is 0.03.
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