Montrose Environmental Group Inc reports results for the quarter ended in December - Earnings Summary

Onterris

01/03/2023 24:32

* Montrose Environmental Group Inc  MEG.N  reported a
quarterly
adjusted loss of 50 cents​​ per share for the quarter ended in
December. The mean expectation of seven analysts for the quarter
was for a loss of 23 cents per share.
    * Revenue fell 3% to $139.51 million from a year ago;
analysts
expected $141.24 million. 
    * Montrose Environmental Group Inc's reported EPS for the
quarter
was a loss of 50 cents​.
    * The mean earnings estimate of analysts had risen by
about 19.3%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Montrose Environmental Group Inc shares had risen by 13.8%
this
quarter.
    * The company reported a quarterly loss of $14.91 million.
    * Wall Street's median 12-month price target for Montrose
Environmental Group Inc is $55.00 
    * 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." 

This summary was machine generated from Refinitiv data March 1
at 12:32 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.23          -0.50          Missed
 Sep. 30 2022      -0.26          -0.33          Missed
 Jun. 30 2022      -0.12          0.03           Beat
 Mar. 31 2022      -0.11          -0.39          Missed