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

Onterris

10/05/2023 21:52

* Montrose Environmental Group Inc  MEG.N  reported a
quarterly
adjusted loss of 63 cents​​ per share for the quarter ended in
March. The mean expectation of five analysts for the quarter was
for a loss of 37 cents per share.
    * Revenue fell 2.4% to $131.43 million from a year ago;
analysts
expected $135.20 million. 
    * Montrose Environmental Group Inc's reported EPS for the
quarter
was a loss of 63 cents​.
    * The mean earnings estimate of analysts had fallen by
about 49.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Montrose Environmental Group Inc shares had fallen
by 14.0% this
quarter and lost 30.9% so far this year.
    * The company reported a quarterly loss of $18.82 million.
    * Wall Street's median 12-month price target for Montrose
Environmental Group Inc is $44.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
10 at 08:52 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      -0.12          0.03           Beat