Arq, Inc. (ARQ Quick QuoteARQ - Free Report) shares rallied 6.5% in the last trading session to close at $7.84. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 11.9% gain over the past four weeks.

The stock is thriving due to the company's persistent emphasis on profitability, cost management initiatives, favorable shifts in product mix, and take-or-pay revenues, reflecting a strategic approach aimed at sustained financial growth and stability.

This company is expected to post quarterly loss of $0.07 per share in its upcoming report, which represents a year-over-year change of +82.9%. Revenues are expected to be $23.1 million, up 11% from the year-ago quarter.

While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For Arq, Inc., the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on ARQ going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Arq, Inc. is a member of the Zacks Waste Removal Services industry. One other stock in the same industry, Quest Resource (QRHC Quick QuoteQRHC - Free Report) , finished the last trading session 0.4% lower at $9.34. QRHC has returned 6% over the past month.

For Quest Resource, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.06. This represents a change of +40% from what the company reported a year ago. Quest Resource currently has a Zacks Rank of #4 (Sell).