Montrose Environmental Group Inc expected to post a loss of 11  cents a share - Earnings Preview

Onterris

06/05/2022 22:20

* Montrose Environmental Group Inc  MEG.N   MEG  is expected
to show a fall in quarterly revenue when it reports  results on
May 9. 
    * The Irvine California-based  company is expected to report
 a
0.5% decrease in revenue to $133.205 million from $133.82
million a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Montrose
Environmental
Group Inc is for a loss of 11 cents per share. For the same
quarter last year, the company reported a loss of 3 cents per
share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Montrose
Environmental Group Inc is $58​, above​ its last closing price
of $43.61. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2021  -0.07       -0.06      -0.19     Missed  -230.4
 Sep. 30 2021  0.00        0.03       0.07      Beat    152.3
 Jun. 30 2021  0.04        0.04       -0.54     Missed  -1,635
                                                        .4​
 Mar. 31 2021  -0.08       -0.08      -0.03     Beat    62.5
 ​​Dec.        -0.23       -0.04      -0.22     Missed  -408.7
 31 2020                                                
 Sep. 30 2020  0.04        0.10       -2.88     Missed  -2,909
                                                        .8​
 Jun. 30 2020  0.21        0.21       0.40      Beat    90.5
 This summary was machine generated May 6 at 21:20 GMT.  All
figures in US dollars  unless otherwise stated