ARQ (ARQ) Expected to Announce Quarterly Earnings on Wednesday

ARQ (NASDAQ:ARQ) is expected to be posting its results after the market closes on Wednesday, November 4th. Analysts expect ARQ to post earnings of $0.04 per share and revenue of $35.23 million for the quarter.

ARQ (NASDAQ:ARQ) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The business had revenue of $29.88 million for the quarter, compared to analyst estimates of $28.57 million.

ARQ Price Performance

Shares of NASDAQ:ARQ opened at $1.78 on Wednesday. ARQ has a 52 week low of $1.54 and a 52 week high of $7.00. The firm has a fifty day simple moving average of $2.04 and a two-hundred day simple moving average of $2.52.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of ARQ in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, ARQ currently has a consensus rating of “Hold” and an average target price of $5.00.

About ARQ

Arq, Inc (NASDAQ: ARQ) is a technology and materials company focused on converting coal waste and other carbon-rich materials into higher-value carbon products. The company’s processing technology is designed to recover and refine carbon from previously discarded coal fines and similar feedstocks.

Arq’s product portfolio includes activated carbon and other specialty carbon materials used in applications such as water purification, air emissions control, industrial processes and energy-related markets.