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

Arq

09/05/2024 18:55

* Arq Inc  ARQ.OQ  reported a quarterly adjusted loss of 9
cents​​
per share for the quarter ended in March, higher than the same
quarter last year, when the company reported EPS of -32 cents. 
The lone analyst forecast for the quarter was for a loss of 7
cents per share. 
    * Revenue rose 4.5% to $21.74 million from a year ago;
analysts
expected $23.10 million. 
    * Arq Inc's reported EPS for the quarter was a loss of 9
cents​.
    * The company reported a quarterly loss of $3.42 million.
    * Arq Inc shares had risen by 23.8% this quarter and
gained 169.1%
so far this year.

FORECAST CHANGES
    * 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 $6.00 
This summary was machine generated from LSEG data May 9 at 05:55
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
 Mar. 31 2024      -0.07          -0.09          Missed
 Dec. 31 2023      -0.08          0.10           Beat
 Sep. 30 2023      -0.11          -0.07          Beat
 Jun. 30 2023      -0.16          -0.21          Missed