ARQ (ARQ) Expected to Announce Quarterly Earnings on Wednesday

Key Points

• ARQ will report quarterly results before the market opens on Wednesday, May 6, with analysts forecasting EPS of ($0.0735) and revenue of $27.625 million.
• In the prior quarter ARQ missed EPS estimates (reported ($0.07) vs. expected ($0.05)) and has weak profitability (negative net margin ~43.7% and negative ROE); analysts project $0 EPS for the current and next fiscal years.
• Shares trade around $2.27 with a market cap of roughly $97 million and a 52‑week range of $1.54–$7.89; Wall Street ratings are mixed but the consensus target price is $7.50 and institutions own about 18.5% of the stock.

ARQ (NASDAQ:ARQ - Get Free Report) is expected to be issuing its results before the market opens on Wednesday, May 6th. Analysts expect the company to announce earnings of ($0.0735) per share and revenue of $27.6250 million for the quarter.

ARQ (NASDAQ:ARQ - Get Free Report) last announced its quarterly earnings results on Monday, March 9th. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.02). ARQ had a negative return on equity of 1.99% and a negative net margin of 43.72%.The business had revenue of $29.43 million during the quarter, compared to analysts' expectations of $28.59 million. On average, analysts expect ARQ to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

ARQ Stock Performance

Shares of ARQ stock opened at $2.27 on Wednesday. The stock has a fifty day moving average of $2.57 and a 200 day moving average of $3.63. ARQ has a 52 week low of $1.54 and a 52 week high of $7.89. The firm has a market capitalization of $97.34 million, a price-to-earnings ratio of -1.79 and a beta of 2.08. The company has a quick ratio of 0.66, a current ratio of 1.04 and a debt-to-equity ratio of 0.05.

Wall Street Analyst Weigh In

Several equities analysts have commented on ARQ shares. Weiss Ratings reissued a "sell (d-)" rating on shares of ARQ in a research report on Monday, April 20th. Canaccord Genuity Group lowered their price objective on ARQ from $7.50 to $5.00 and set a "buy" rating for the company in a research report on Wednesday, March 11th. Finally, Zacks Research raised ARQ from a "strong sell" rating to a "hold" rating in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, ARQ has an average rating of "Moderate Buy" and a consensus target price of $7.50.

Hedge Funds Weigh In On ARQ

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of ARQ by 7.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 919,640 shares of the company's stock worth $3,007,000 after purchasing an additional 62,988 shares during the last quarter. Geode Capital Management LLC raised its position in shares of ARQ by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 778,142 shares of the company's stock worth $2,545,000 after purchasing an additional 3,505 shares during the last quarter. State Street Corp raised its position in shares of ARQ by 1.0% in the 4th quarter. State Street Corp now owns 561,888 shares of the company's stock worth $1,837,000 after purchasing an additional 5,413 shares during the last quarter. Franklin Resources Inc. purchased a new position in shares of ARQ in the 3rd quarter worth about $4,015,000. Finally, Marshall Wace LLP purchased a new position in shares of ARQ in the 4th quarter worth about $1,453,000. Hedge funds and other institutional investors own 18.49% of the company's stock.

ARQ Company Profile

Arq, Inc is a holding company. It engages in the provision of environmental and emission control equipment to the power generation industry. The company operates through the following Segments: Refined Coal and Advanced Purification Technologies. The Refined Coal segment includes the Tinuum Group, Tinuum Services, and GWN Manager. The Advanced Purification Technologies segment refers to the sale of Activated Carbon Injection and Dry Sorbent Injection equipment systems, chemical sales, consulting services, and other sales related to the reduction of emissions in the coal-fired electric generation process and the electric utility industry.

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