Montrose Environmental Group Inc expected to post a loss of 9 cents a share - Earnings Preview

Onterris

04/11/2024 22:07

* Montrose Environmental Group Inc  MEG.N   MEG  is expected
to show a rise in quarterly revenue when it reports  results on
November 6 for the period ending September 30 2024
    * The Irvine California-based  company is expected to report
a
10.4% increase in revenue to $185.467 million from $167.94
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on August 7
2024, for the period ended September 30, was for revenue of
$184.731 million.
    * ​LSEG's mean analyst estimate for Montrose Environmental
Group
Inc is for a loss of 9 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "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 $50.00​, above​ its last closing
price of $26.21. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  -0.23       -0.22      -0.39     Missed  -77.3
 Mar. 31 2024  -0.46       -0.45      -0.53     Missed  -17.8
 Dec. 31 2023  -0.37       -0.36      -0.18     Beat    50.7​
 Sep. 30 2023  -0.23       -0.23      -0.39     Missed  -72.1
 ​​Jan.        -0.29       -0.29      -0.38     Missed  -31
 1 0001                                                 
 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
 This summary was machine generated November 4 at 22:07 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)