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

Onterris

29/02/2024 14:33

* Montrose Environmental Group Inc  MEG.N  reported a
quarterly
adjusted loss of 18 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of -50 cents.  The mean expectation of
six analysts for the quarter was for a loss of 36 cents per
share. Wall Street expected results to range from -38 cents
to -35 cents per share.
    * Revenue rose 18.8% to $165.74 million from a year ago;
analysts
expected $160.47 million. 
    * Montrose Environmental Group Inc's reported EPS for the
quarter
was a loss of 18 cents​.
    * The company reported a quarterly loss of $5.54 million.
    * Montrose Environmental Group Inc shares had risen by 2.7%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Montrose
Environmental Group Inc is $40.50 

This summary was machine generated from LSEG data February 29 at
02:32 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.36          -0.18          Beat
 Sep. 30 2023      -0.23          -0.39          Missed
 Jun. 30 2023      -0.29          -0.38          Missed
 Mar. 31 2023      -0.37          -0.63          Missed