Quest Resource Q2 Did Not Provide The Expected Growth, Valuation Not Opportunistic

South_agency This article analyzes Quest Resource Holding (NASDAQ:QRHC) 2Q24 results and earnings call. It also revisits the company's valuation and my rating (a Hold since March 2023). The company's results were not great. The company had guided for growth as it started to ramp up new contracts but posted revenues shrinking, caused by some clients meaningfully driving down volumes. This did not affect the company's profits because these clients seemed to be low-margin businesses. Still, the company is stil ...