* Arq Inc reported quarterly adjusted earnings of 4 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -7 cents. The mean expectation of two analysts for the quarter was for earnings of 4 cents per share. Wall Street expected results to range from 2 cents to 5 cents per share.
* Revenue rose 16.6% to $34.77 million from a year ago; analysts expected $30.40 million.
* Arq Inc's reported EPS for the quarter was 4 cents.
* The company reported quarterly net income of $1.62 million.
* Arq Inc shares had risen by 2.6% this quarter and gained 102.0% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 16.7% in the last three months.
* 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 $10.00 This summary was machine generated from LSEG data November 7 at 02:43 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
Sep. 30 2024 0.04 0.04 Met
Jun. 30 2024 -0.05 -0.06 Missed
Mar. 31 2024 -0.07 -0.09 Missed
Dec. 31 2023 -0.08 0.10 Beat