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

Onterris

09/08/2022 07:59

* Montrose Environmental Group Inc  MEG.N  reported
quarterly
adjusted earnings of 3 cents​​ per share for the quarter ended
in June. The mean expectation of seven analysts for the quarter
was for a loss of 12 cents per share.
    * Revenue rose 2.7% to $139.91 million from a year ago;
analysts
expected $137.60 million. 
    * Montrose Environmental Group Inc's reported EPS for the
quarter
was a loss of 40 cents​.
    * The mean earnings estimate of analysts had fallen by
about 10.4%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Montrose Environmental Group Inc shares had risen by 24.8%
this
quarter and lost 40.2% so far this year.
    * The company reported a quarterly loss of $11.85 million.
    * Wall Street's median 12-month price target for Montrose
Environmental Group Inc is $58.00 
    * 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." 

This summary was machine generated from Refinitiv data August 9
at 06:59 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      -0.12          0.03           Beat
 Mar. 31 2022      -0.11          -0.39          Missed
 Dec. 31 2021      -0.06          -0.19          Missed
 Sep. 30 2021      0.03           0.07           Beat