Montrose Environmental Group Inc expected to post earnings of 4 cents a share - Earnings Preview

Onterris

07/08/2021 03:03

* Montrose Environmental Group Inc  MEG.N   MEG  is expected
to show a rise in quarterly revenue when it reports results on
August 10. 
* The Irvine, California-based company is expected to report   a
55.2% increase in revenue to $114.508 million from $73.77
million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Montrose Environmental
Group Inc is for earnings of 4 cents per share. For the same
quarter last year, the company reported earnings of 40 cents per
share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 5 "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 $62​, about 19.1% above​ its last
closing price of $50.14. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  -0.08       -0.08      -0.03     Beat    62.5
 Dec. 31 2020  -0.23       -0.04      -0.22     Missed  -408.7
 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 August 7 at 02:03 GMT.  All
figures in US dollars unless otherwise stated