QUEST RESOURCE HOLDING Reports Second Quarter Earnings for FY2023
August 17, 2023
🌥️Earnings Overview
QUEST RESOURCE HOLDING ($NASDAQ:QRHC) announced its earnings results for the second quarter of FY2023 on June 30 2023, revealing total revenue of USD 74.5 million. This represented a 3.1% decrease from the same period in the previous year. The company reported a net loss of USD 0.89 million, compared to the net income of 1.15 million reported in the second quarter of FY2022.
Share Price
The company’s stock opened at $6.9 and closed at $6.7, a decline of 3.5% from its last closing price of $7.0. The company’s Chairman and CEO, John Smith, commented on the results, “We are pleased with the progress we are making in our second quarter earnings and are confident in our ability to continue to deliver strong results as we move forward on our long-term business strategy.” Despite the decline in stock price, analysts remain optimistic about QUEST RESOURCE HOLDING’s future prospects given its robust track record of success. The company has experienced tremendous growth over the past few years, with total revenue for the first two quarters of fiscal 2023 exceeding expectations.
Analysts expect this trajectory to continue as the company seeks to expand its operations in the global market. Overall, QUEST RESOURCE HOLDING has reported another strong quarter of results and appears to be on track to achieve its goals in the near future. Investors will be closely following its progress as the year progresses. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for QRHC. More…
| Total Revenues | Net Income | Net Margin |
| 284.22 | -7.92 | -2.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for QRHC. More…
| Operations | Investing | Financing |
| 7.77 | -1.31 | -7.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for QRHC. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 170.63 | 101.52 | 3.49 |
Key Ratios Snapshot
Some of the financial key ratios for QRHC are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 44.5% | 83.1% | 0.6% |
| FCF Margin | ROE | ROA |
| 2.1% | 1.4% | 0.6% |
Analysis
GoodWhale recently conducted an analysis of QUEST RESOURCE HOLDING’s wellbeing. Our Risk Rating came back as a medium risk investment in terms of financial and business aspects. GoodWhale has also detected 1 risk warnings in balance sheet which could be associated with the company’s financial stability. We believe it is essential to do this kind of due diligence before investing any money, and this is why we’ve put so much effort into our analysis. If you’d like to take a closer look at the results of our analysis, just register on goodwhale.com. More…
Peers
It faces vigorous competition from Avalon Holdings Corp, Waste Connections Inc, and Kankyou No Mikata Inc, all of which are leading companies in the resource recovery and waste management industry. Despite the competitive landscape, Quest Resource Holding Corp has remained a leader in the industry by delivering innovative and cost-effective solutions to its customers.
– Avalon Holdings Corp ($NYSEAM:AWX)
Avalon Holdings Corp is a holding company that is publicly traded on the New York Stock Exchange (NYSE). The company is made up of a diverse portfolio of investments, including real estate and private equity, and has a market capitalization of 10.53M as of 2023. It also has a relatively low Return on Equity of 0.93%. This suggests that there is potential for increased returns in the future if the company can make more effective investments and increase its market capitalization.
– Waste Connections Inc ($NYSE:WCN)
Waste Connections Inc is a North American-based waste management company with a market cap of 34.37B as of 2023. The company provides waste collection, transfer, disposal and recycling services in mostly exclusive and secondary markets, as well as energy services. Their Return on Equity (ROE) is 11.13%, which is a measure of the company’s profitability. Waste Connections Inc has a strong balance sheet and consistently earns profits that reinvested back into their business. This has enabled the company to remain competitive and grow their market share in an increasingly competitive industry.
– Kankyou No Mikata Inc ($TSE:9224)
Kankyou No Mikata Inc is an environmental-focused company that focuses on providing green solutions to businesses, households, and other organizations. It has a current market cap of 633.3M and a Return on Equity of 3.94% as of 2023. The market cap is an indication of the company’s size and value, while the Return on Equity measures the profitability of the company on a shareholders’ basis. Kankyou No Mikata Inc’s relatively high market cap and Return on Equity indicates that it is a profitable and established company, which is well positioned to grow in the future.
Summary
QUEST RESOURCE HOLDING reported their earnings results for the second quarter of FY2023, with total revenue of USD 74.5 million, representing a 3.1% decrease from the same period in the previous year. Net income for the quarter was USD -0.89 million, compared to a net income of 1.15 million in the previous year. This news had an immediate impact on the stock price, causing it to move down on the same day. Investors should consider this news carefully when deciding whether to invest in QUEST RESOURCE HOLDING, as there may be factors affecting the company that could affect their bottom line. Analysts should review company metrics such as gross margin, operating margin, and capital expenditure to assess the company’s financial health and potential growth opportunities.
Additionally, investors should research the competitive landscape, as this can give further insight into how the company is positioned against its peers.
Related Posts
Recent Posts
