Overview

* Quest Resource ( QRHC ) Q3 revenue down 13% yr/yr but beats analyst expectations

* Adjusted EBITDA for Q3 beats consensus, showing operational improvements

* Company reduced debt by $4.6 mln in Q3, improving financial stability

Outlook

* Quest Resource ( QRHC ) did not provide specific financial guidance for future periods

Result Drivers

* OPERATIONAL EXCELLENCE - Initiatives improved sales team productivity and vendor management, enhancing financial results

* DEBT REDUCTION - Reduced debt by $4.6 mln in Q3, contributing to financial stability

* NEW CONTRACT - Signed a new contract in the food products end market, driving organic growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $63.30 $59.83

Revenue mln mln (3

Analysts

)

Q3 Beat $2.90 $2.35

Adjusted mln mln (3

EBITDA Analysts

)

Q3 Gross 18.10%

Margin

Q3 Gross $11.50

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the environmental services & equipment peer group is "buy"

* Wall Street's median 12-month price target for Quest Resource Holding Corp ( QRHC ) is $3.00, about 51.7% above its November 7 closing price of $1.45

* The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)