Quest Resource Q2 Did Not Provide The Expected Growth, Valuation Not Opportunistic [Seeking Alpha]
Quest Resource Holding Corporation (QRHC)
Last quest resource holding corporation earnings: 3/12 04:00 pm
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US:NASDAQ Investor Relations:
investors.qrhc.com/investors
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Source: Seeking Alpha
Summary 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. Management remains optimistic about future growth, but the gap between expectations and actual revenue growth persists, impacting overall performance. South_agency This article analyzes Quest Resource Holding ( NASDAQ: QRHC ) 2Q24 results and earnings call. It also revisits the company's valuation and my rating (a Hold since March 2023). The company's results were not great. The company had guided for growth as it started
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QRHC
News
- Quest Resource Holding Co. (NASDAQ: QRHC) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Quest Resource Holding Corporation to Present and Host 1x1 Investor Meetings at the 16th Annual Southwest IDEAS Investor Conference on November 20th and 21st in Dallas, TXGlobeNewswire
- Quest Resource Holding Co. (NASDAQ: QRHC) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Quest Resource Holding Co. (NASDAQ: QRHC) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Quest Resource Holding Third Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
QRHC
Earnings
- 11/7/24 - Miss
QRHC
Analyst Actions
- 9/17/24 - Northland Securities
QRHC
Sec Filings
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- 11/12/24 - Form 4
- QRHC's page on the SEC website