Quest Resource Beats EBITDA Estimates With $63.3M Revenues; Q4 Expected to Decline 12.5%
Quest Resource posted Q3 revenues of $63.34 million (-13% YoY), beating analysts’ revenue and EBITDA estimates, and Q4 revenue is forecast to decline about 12.5% YoY to $61.17 million. The stock has slid 23.5% over the past month while analysts hold an average price target of $3.08.
1. Last Quarter Performance
Quest Resource reported Q3 revenues of $63.34 million, a 13% year-on-year decline, but surpassed analysts’ revenue and EBITDA estimates, marking a stronger than expected operational quarter.
2. Q4 Forecast
Analysts project Q4 revenues to fall approximately 12.5% year-on-year to $61.17 million, following flat revenue in the same quarter last year and reflecting continued headwinds in the recycling and waste management market.
3. Peer Comparisons
Within the waste management segment, Enviri delivered flat year-on-year revenue with a 0.7% beat and Montrose achieved 2.2% revenue growth beating estimates by 2.5%, highlighting mixed peer performance that has driven varied share reactions.
4. Stock Performance and Analyst Outlook
Quest Resource’s shares have declined 23.5% over the past month amid sector underperformance, while analysts maintain an average price target of $3.08. The 2025 outlook faces uncertainty from potential trade policy changes and corporate tax discussions.