This article first appeared on GuruFocus.

Arq Inc (NASDAQ:ARQ) is set to release its Q3 2025 earnings on Nov 5, 2025. The consensus estimate for Q3 2025 revenue is $34.51 million, and the earnings are expected to come in at $0.02 per share. The full year 2025's revenue is expected to be $122.74 million and the earnings are expected to be $-0.01 per share. More detailed estimate data can be found on the Forecast page.

Warning! GuruFocus has detected 2 Warning Sign with ARQ.

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Revenue estimates for Arq Inc (NASDAQ:ARQ) have increased from $120.65 million to $122.74 million for the full year 2025. In contrast, revenue estimates have declined from $157.09 million to $150.88 million for 2026 over the past 90 days. Earnings estimates for Arq Inc (NASDAQ:ARQ) have declined from $0.04 per share to $-0.01 per share for the full year 2025 and from $0.30 per share to $0.26 per share for 2026 over the past 90 days.

In the previous quarter of 2025-06-30, Arq Inc's (NASDAQ:ARQ) actual revenue was $28.58 million, which beat analysts' revenue expectations of $25.77 million by 10.92%. Arq Inc's (NASDAQ:ARQ) actual earnings were $-0.05 per share, which missed analysts' earnings expectations of $-0.025 per share by -100%. After releasing the results, Arq Inc (NASDAQ:ARQ) was up by 10.09% in one day.

Based on the one-year price targets offered by 5 analysts, the average target price for Arq Inc (NASDAQ:ARQ) is $10.70 with a high estimate of $12.00 and a low estimate of $9.00. The average target implies an upside of 62% from the current price of $6.61.

Based on GuruFocus estimates, the estimated GF Value for Arq Inc (NASDAQ:ARQ) in one year is $3.51, suggesting a downside of -46.86% from the current price of $6.61.

Based on the consensus recommendation from 5 brokerage firms, Arq Inc's (NASDAQ:ARQ) average brokerage recommendation is currently 1.8, indicating an \\"Outperform\\" status. The rating scale ranges from 1 to 5, where 1 signifies strong buy, and 5 denotes sell.