Arq Inc reports results for the quarter ended June 30 - Earnings Summary

• Arq Inc ARQ.OQ reported a quarterly adjusted loss of 5 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -6 cents. The mean expectation of five analysts for the quarter was for a loss of 3 cents per share. Wall Street expected results to range from -5 cents to -1 cents per share.

• Revenue rose 12.5% to $28.58 million from a year ago; analysts expected $25.77 million.

• Arq Inc's reported EPS for the quarter was a loss of 5 cents​.

• The company reported a quarterly loss of $2.13 million.

• Arq Inc shares had risen by 23.3% this quarter and lost 12.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 30% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the commodity chemicals peer group is also "buy"

• Wall Street's median 12-month price target for Arq Inc is $9.75, about 32.1% above its last closing price of $6.62

This summary was machine generated from LSEG data August 11 at 09:43 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)