Arq, Inc. (NASDAQ:ARQ ) Q2 2024 Results Earnings Conference Call August 13, 2024 9:00 AM ET Company Participants Anthony Nathan - Investor and Corporate Relations Robert Rasmus - Chief Executive Officer Stacia Hansen - Chief Accounting Officer Conference Call Participants Gerry Sweeney - ROTH MKM Graham Mattison - Water Tower Research Operator Greetings and welcome to the Arq Second Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.
Arq, Inc. (ARQ) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.21 per share a year ago.
Here is how Arq, Inc. (ARQ) and Maplebear (CART) have performed compared to their sector so far this year.
Here is how Arq, Inc. (ARQ) and GigaCloud Technology Inc. (GCT) have performed compared to their sector so far this year.
Arq, Inc. (ARQ) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Here is how Arq, Inc. (ARQ) and GigaCloud Technology Inc. (GCT) have performed compared to their sector so far this year.