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

Onterris

08/08/2023 23:32

* Montrose Environmental Group Inc  MEG.N  reported a
quarterly
adjusted loss of 38 cents​​ per share for the quarter ended in
June. The mean expectation of five analysts for the quarter was
for a loss of 29 cents per share.
    * Revenue rose 13.7% to $159.10 million from a year ago;
analysts
expected $145.23 million. 
    * Montrose Environmental Group Inc's reported EPS for the
quarter
was a loss of 38 cents​.
    * The mean earnings estimate of analysts had fallen by
about 6.1%
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 fallen
by 10.7% this
quarter and lost 15.3% so far this year.
    * The company reported a quarterly loss of $11.27 million.
    * Wall Street's median 12-month price target for Montrose
Environmental Group Inc is $46.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 10:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.29          -0.38          Missed
 Mar. 31 2023      -0.37          -0.63          Missed
 Dec. 31 2022      -0.23          -0.50          Missed
 Sep. 30 2022      -0.26          -0.33          Missed