Equities Analysts Set Expectations for Arq, Inc.’s FY2024 Earnings (NASDAQ:ARQ)

Arq, Inc. (NASDAQ:ARQ) – Research analysts at Roth Capital decreased their FY2024 EPS estimates for shares of ARQ in a research note issued on Thursday, August 15th. Roth Capital analyst G. Sweeney now expects that the company will post earnings of ($0.12) per share for the year, down from their prior estimate 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 Stock Down 4.0 %

NASDAQ ARQ opened at $6.50 on Monday. ARQ has a 12 month low of $1.50 and a 12 month high of $8.26. The company has a current ratio of 3.28, a quick ratio of 2.29 and a debt-to-equity ratio of 0.10. The stock has a market cap of $234.26 million, a PE ratio of -24.07 and a beta of 1.40. The stock’s 50 day moving average is $6.03 and its 200 day moving average is $5.93.

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

Hedge Funds Weigh In On ARQ

Several institutional investors have recently bought and sold shares of ARQ. The Manufacturers Life Insurance Company purchased a new stake in ARQ in the 2nd quarter worth $63,000. XTX Topco Ltd purchased a new stake in shares of ARQ in the second quarter worth about $64,000. Cubist Systematic Strategies LLC bought a new position in ARQ during the second quarter valued at approximately $71,000. Renaissance Technologies LLC purchased a new position in ARQ during the 2nd quarter valued at approximately $81,000. Finally, DCF Advisers LLC purchased a new position in ARQ during the 2nd quarter valued at approximately $134,000. 18.49% of the stock is owned by hedge funds and other institutional investors.

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.