Arq Inc reports results for the quarter ended in September 30 - Earnings Summary

Arq

07/11/2024 14:44

* Arq Inc  ARQ.OQ  reported quarterly adjusted earnings of 4
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of -7 cents.  The mean expectation of two analysts for the
quarter was for earnings of 4 cents per share. Wall Street
expected results to range from 2 cents to 5 cents per share.
    * Revenue rose 16.6% to $34.77 million from a year ago;
analysts
expected $30.40 million. 
    * Arq Inc's reported EPS for the quarter was 4 cents​.
    * The company reported quarterly net income of $1.62
million.
    * Arq Inc shares had risen by 2.6% this quarter and
gained 102.0%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 16.7%
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 November 7 at
02:43 p.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
 Sep. 30 2024      0.04           0.04           Met
 Jun. 30 2024      -0.05          -0.06          Missed
 Mar. 31 2024      -0.07          -0.09          Missed
 Dec. 31 2023      -0.08          0.10           Beat