Montrose Environmental Group Inc expected to post a loss of 36 cents a share - Earnings Preview

Onterris

27/02/2024 14:09

* Montrose Environmental Group Inc  MEG.N   MEG  is expected
to show a rise in quarterly revenue when it reports  results on
February 29 for the period ending December 31 2023
    * The Irvine California-based  company is expected to report
a
15.0% increase in revenue to $160.465 million from $139.51
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Montrose Environmental
Group
Inc is for a loss of 36 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"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 $40.50​, above​ its last closing
price of $32.44. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.23       -0.23      -0.39     Missed  -72.1
 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.        -0.31       -0.26      -0.33     Missed  -26.9
 30 2022                                                
 Jun. 30 2022  -0.21       -0.12      0.03      Beat    124.3​
 Mar. 31 2022  -0.18       -0.11      -0.39     Missed  -249.2
 Dec. 31 2021  -0.07       -0.06      -0.19     Missed  -230.4
 This summary was machine generated February 27 at 14:09 GMT. 
All figures in US dollars unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)