Montrose Environmental Group Inc expected to post a loss of 45 cents a share - Earnings Preview

Onterris

04/05/2024 03:04

* Montrose Environmental Group Inc  MEG.N   MEG  is expected
to show a rise in quarterly revenue when it reports  results on
May 7 for the period ending March 31 2024
    * The Irvine California-based  company is expected to report
a
15.8% increase in revenue to $152.16 million from $131.43
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on February
29 2024, for the period ended March 31, was for revenue between
$149.83 million and $152.46 million.
    * ​LSEG's mean analyst estimate for Montrose Environmental
Group
Inc is for a loss of 45 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 4.3%
in the last three months. ​
    * Wall Street's median 12-month price target for Montrose
Environmental Group Inc is $49.50​, above​ its last closing
price of $44.51. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.37       -0.36      -0.18     Beat    50.7
 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.        -0.25       -0.23      -0.50     Missed  -119.3
 31 2022                                                
 Jan. 1 0001   -0.31       -0.26      -0.33     Missed  -26.9​
 Jun. 30 2022  -0.21       -0.12      0.03      Beat    124.3
 Mar. 31 2022  -0.18       -0.11      -0.39     Missed  -249.2
 This summary was machine generated May 4 at 02:04 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)