Arq, Inc. (NASDAQ:ARQ) Expected to Post FY2024 Earnings of ($0.12) Per Share

Arq, Inc. (NASDAQ:ARQ) – Equities researchers at Roth Capital reduced their FY2024 EPS estimates for shares of ARQ in a research report issued on Thursday, August 15th. Roth Capital analyst G. Sweeney now anticipates that the company will earn ($0.12) per share for the year, down from their prior forecast of ($0.10). The consensus estimate for ARQ’s current full-year earnings is ($0.10) per share. Roth Capital also issued estimates for ARQ’s Q4 2024 earnings at ($0.01) EPS and FY2027 earnings at $0.88 EPS.

ARQ Trading Down 4.0 %

Shares of ARQ opened at $6.50 on Monday. ARQ has a fifty-two week low of $1.50 and a fifty-two week high of $8.26. The business has a 50-day moving average of $6.03 and a 200 day moving average of $5.93. The firm has a market cap of $234.26 million, a P/E ratio of -24.07 and a beta of 1.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.29 and a current ratio of 3.28.

ARQ (NASDAQ:ARQ) last released its earnings results on Monday, August 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). ARQ had a negative return on equity of 4.65% and a negative net margin of 8.15%. The firm had revenue of $25.41 million during the quarter, compared to analysts’ expectations of $20.60 million. During the same period in the prior year, the business earned ($0.21) earnings per share.

Hedge Funds Weigh In On ARQ

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company bought a new position in shares of ARQ in the second quarter worth $63,000. XTX Topco Ltd bought a new position in ARQ in the 2nd quarter worth about $64,000. Cubist Systematic Strategies LLC purchased a new position in ARQ during the 2nd quarter valued at about $71,000. Renaissance Technologies LLC bought a new stake in shares of ARQ during the second quarter valued at about $81,000. Finally, DCF Advisers LLC bought a new stake in shares of ARQ during the second quarter valued at about $134,000. Institutional investors own 18.49% of the company’s stock.

ARQ Company Profile

Arq, Inc produces activated carbon products in North America. The company's products include granular activated carbon, powdered and granular activated carbon, and colloidal carbon products; Arq Powder Wetcake, a fine and low-ash coal waste-derived particle; and additives for air emissions control.