Montrose Environmental Group Inc reports results for the quarter ended in September 30 - Earnings Summary

Onterris

07/11/2024 05:13

* Montrose Environmental Group Inc  MEG.N  reported a
quarterly
adjusted loss of 39 cents​​ per share for the quarter ended
September 30, identical to the same quarter last year.  The mean
expectation of seven analysts for the quarter was for a loss
of 9 cents per share. Wall Street expected results to range from
-15 cents to -4 cents per share.
    * Revenue rose 6.4% to $178.69 million from a year ago;
analysts
expected $185.47 million. 
    * Montrose Environmental Group Inc's reported EPS for the
quarter
was a loss of 39 cents​.
    * The company reported a quarterly loss of $13.31 million.
    * Montrose Environmental Group Inc shares had fallen by 7.3%
this
quarter and lost 24.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 69.2%
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," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the environmental
services & equipment peer group is also "buy"

Wall Street's median 12-month price target for Montrose
Environmental Group Inc is 46.50 
This summary was machine generated from LSEG data November 7 at
05:13 a.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
 Sep. 30 2024      -0.09          -0.39          Missed
 Jun. 30 2024      -0.22          -0.39          Missed
 Mar. 31 2024      -0.45          -0.53          Missed
 Dec. 31 2023      -0.36          -0.18          Beat