Roth Capital Issues Negative Forecast for ARQ Earnings

Key Points

• Roth Capital has revised its Q3 2025 earnings per share (EPS) estimate for Arq, Inc. down from $0.07 to $0.03, with a full-year consensus estimate of (0.13) per share.
• In the last quarter, Arq reported a negative return on equity of 0.07% and revenue of $28.58 million, exceeding analyst expectations of $25.56 million.
• The stock has seen significant institutional investments, with Invesco and Wellington Management among those increasing their stakes dramatically by over 500%.

Arq, Inc. (NASDAQ:ARQ - Free Report) - Stock analysts at Roth Capital dropped their Q3 2025 earnings estimates for ARQ in a note issued to investors on Wednesday, August 13th. Roth Capital analyst G. Sweeney now expects that the company will post earnings of $0.03 per share for the quarter, down from their prior forecast of $0.07. The consensus estimate for ARQ's current full-year earnings is ($0.13) per share.

ARQ (NASDAQ:ARQ - Get Free Report) last released its earnings results on Monday, August 11th. The company reported ($0.01) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.01). ARQ had a negative net margin of 1.40% and a negative return on equity of 0.07%. The firm had revenue of $28.58 million for the quarter, compared to analysts' expectations of $25.56 million.

Several other equities research analysts have also weighed in on the company. Wall Street Zen lowered ARQ from a "hold" rating to a "sell" rating in a report on Saturday. Canaccord Genuity Group increased their price objective on ARQ from $8.00 to $10.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Craig Hallum assumed coverage on ARQ in a report on Tuesday, July 15th. They set a "buy" rating and a $10.00 price objective on the stock. Finally, Fearnley Fonds raised ARQ to a "strong-buy" rating in a report on Friday, June 27th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $10.00.

ARQ Stock Performance

ARQ traded down $0.04 during trading hours on Thursday, hitting $7.15. The stock had a trading volume of 103,926 shares, compared to its average volume of 254,815. The company's fifty day simple moving average is $5.76 and its 200 day simple moving average is $5.02. ARQ has a 1 year low of $3.34 and a 1 year high of $8.11. The stock has a market cap of $305.23 million, a PE ratio of -178.85 and a beta of 1.78. The company has a quick ratio of 0.65, a current ratio of 1.10 and a debt-to-equity ratio of 0.04.

Hedge Funds Weigh In On ARQ

Institutional investors and hedge funds have recently made changes to their positions in the business. Invesco Ltd. lifted its stake in shares of ARQ by 3,981.1% in the 4th quarter. Invesco Ltd. now owns 708,324 shares of the company's stock valued at $5,362,000 after acquiring an additional 690,968 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of ARQ by 568.9% in the 1st quarter. Wellington Management Group LLP now owns 700,600 shares of the company's stock valued at $2,922,000 after acquiring an additional 595,855 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in shares of ARQ by 838.8% in the 4th quarter. Nuveen Asset Management LLC now owns 313,616 shares of the company's stock valued at $2,374,000 after acquiring an additional 280,210 shares during the last quarter. 1492 Capital Management LLC lifted its stake in shares of ARQ by 152.7% in the 4th quarter. 1492 Capital Management LLC now owns 388,633 shares of the company's stock valued at $2,942,000 after acquiring an additional 234,832 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of ARQ in the 1st quarter valued at about $836,000. Institutional investors own 18.49% of the company's stock.

Insiders Place Their Bets

In other ARQ news, Director Jeremy Blank bought 50,000 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were acquired at an average cost of $4.10 per share, for a total transaction of $205,000.00. Following the purchase, the director directly owned 374,955 shares of the company's stock, valued at $1,537,315.50. The trade was a 15.39% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert E. Rasmus acquired 25,000 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was purchased at an average price of $4.10 per share, with a total value of $102,500.00. Following the completion of the acquisition, the chief executive officer directly owned 480,782 shares in the company, valued at approximately $1,971,206.20. This represents a 5.49% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 150,000 shares of company stock worth $615,000 and have sold 10,167 shares worth $52,868. Corporate insiders own 23.89% of the company's stock.

About ARQ

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.