Quest Resource Q2 revenue rises on new customer wins, wallet share expansions
QRHC•Analyst coverage and price target
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "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 is $3.25, about 157.9% above its August 5 closing price of $1.26
Q2 revenue rises, but gross profit and margin fall
- US waste and recycling firm's Q2 revenue rose 7.6% year-over-year
- Gross profit fell 5.5% and gross margin narrowed to 16.3% from 18.5%
- Q2 net loss widened due to $11 mln non-cash goodwill impairment
| Metric | Beat/Miss | Actual | Consensus Estimate |
| Q2 Revenue | Slight Beat* | $64.10 mln | $63.55 mln (2 Analysts) |
| Q2 Adjusted EBITDA | Beat | $2.80 mln | $2.40 mln (2 Analysts) |
| Q2 Gross Margin | 16.30% | ||
| Q2 Gross Profit | $10.40 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Growth driven by new customer wins and wallet share expansions
- NEW CUSTOMER WINS - Co said Q2 revenue growth was driven by new customer wins and wallet share expansions onboarded in late 2025 and early 2026
