Overview
Questor Q3 revenue declined yr/yr due to longer sales cycles and commissioning delays
Adjusted EBITDA for Q3 was negative, reflecting lower sales and rental activity
Company secured C$9 mln contract in Mexico for clean combustion solutions
Outlook
Questor plans to scale rental-fleet capacity to meet global demand efficiently
Company aims to expand international presence through strategic partnerships
Questor focuses on integrating energy recovery for emissions reduction and power generation
Result Drivers
LONGER SALES CYCLES - Q3 revenue decline attributed to extended sales cycles for international projects and commissioning delays in Mexico
INTERNATIONAL SALES GROWTH - Nine-month revenue increase driven by growth in international equipment sales
FIXED COST PRESSURE - Negative Q3 gross profit margin due to consistent fixed operating costs amid lower sales volumes
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Basic EPS
-C$0.05
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the environmental services & equipment peer group is "buy"
Wall Street's median 12-month price target for Questor Technology Inc is C$0.78, about 40.6% above its November 18 closing price of C$0.46
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 18 three months ago
Press Release: ID:nGNX69FkBY
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)