Montrose Environmental Group Inc expected to post a loss of 23 cents a share - Earnings Preview

Onterris

04/11/2023 03:06

* Montrose Environmental Group Inc  MEG.N   MEG  is expected
to show a rise in quarterly revenue when it reports  results on
November 7. 
    * The Irvine California-based  company is expected to report
 a
28.5% increase in revenue to $167.48 million from $130.31
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data. 
    * ​Refinitiv's mean analyst estimate for Montrose
Environmental
Group Inc is for a loss of 23 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"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 $48​, above​ its last closing price
of $25.39. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  -0.29       -0.29      -0.38     Missed  -31
 Mar. 31 2023  -0.37       -0.37      -0.63     Missed  -68.8
 Dec. 31 2022  -0.25       -0.23      -0.50     Missed  -119.3
                                                        ​
 Sep. 30 2022  -0.31       -0.26      -0.33     Missed  -26.9
 ​​Jun.        -0.21       -0.12      0.03      Beat    124.3
 30 2022                                                
 Mar. 31 2022  -0.18       -0.11      -0.39     Missed  -249.2
                                                        ​
 Dec. 31 2021  -0.07       -0.06      -0.19     Missed  -230.4
 Sep. 30 2021  0.00        0.03       0.07      Beat    152.3
 This summary was machine generated November 4 at 03:06 GMT.  All
figures in US dollars  unless otherwise stated