Arq Inc reports results for the quarter ended in June - Earnings Summary

Arq

13/08/2024 02:34

* Arq Inc  ARQ.OQ  reported a quarterly adjusted loss of 6
cents​​
per share for the quarter ended in June, higher than the same
quarter last year, when the company reported EPS of -21 cents. 
The lone analyst forecast for the quarter was for a loss of 5
cents per share. 
    * Revenue rose 24.3% to $25.41 million from a year ago;
analysts
expected $20.60 million. 
    * Arq Inc's reported EPS for the quarter was a loss of 6
cents​.
    * The company reported a quarterly loss of $1.97 million.
    * Arq Inc shares had fallen by 10.4% this quarter and
gained 82.6%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the commodity
chemicals
peer group is also "buy"

Wall Street's median 12-month price target for Arq Inc is $10.00
This summary was machine generated from LSEG data August 13 at
01:33 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.05          -0.06          Missed
 Mar. 31 2024      -0.07          -0.09          Missed
 Dec. 31 2023      -0.08          0.10           Beat
 Sep. 30 2023      -0.11          -0.07          Beat