Quest Resource Q2 Did Not Provide The Expected Growth, Valuation Not Opportunistic
Quest Resource Holding's 2Q24 results showed a revenue decline of 2.4% YoY, despite new contract wins and customer expansions. The company trades at high valuation multiples, with a 25x EV/NOPAT, limiting upside potential and justifying a Hold rating. SG&A expenses increased slightly due to investments in technology and sales team expansion, while debt levels rose with extended maturities to April 2026.
Quest Resource Holding Corporation (QRHC) Q2 2024 Earnings Call Transcript
Quest Resource Holding Corporation (NASDAQ:QRHC ) Q2 2024 Earnings Call August 8, 2024 5:00 PM ET Company Participants Dave Mossberg - Investor Relations Ray Hatch - President and Chief Executive Officer Brett Johnston - Chief Financial Officer Conference Call Participants Aaron Spychalla - Craig-Hallum Greg Kitt - Pinnacle Family George Melas - MKH Management Operator Good afternoon, ladies and gentlemen, and welcome to Quest Resource Holding Corporation Second Quarter 2024 Earnings Conference Call. [Operator Instructions] This call is being recorded on Thursday, August 8, 2024.
Quest Resource (QRHC) Reports Q2 Loss, Lags Revenue Estimates
Quest Resource (QRHC) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to loss of $0.04 per share a year ago.
