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

Onterris

07/08/2025 24:12

Montrose Environmental Group Inc MEG.N reported quarterly adjusted earnings of 42 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -39 cents.  The mean expectation of five analysts for the quarter was for a loss of 19 cents per share. Wall Street expected results to range from -31 cents to -7 cents per share.

Revenue rose 35.3% to $234.54 million from a year ago; analysts expected $188.27 million.

Montrose Environmental Group Inc's reported EPS for the quarter was 42 cents​.

The company reported quarterly net income of $16.96 million.

Montrose Environmental Group Inc shares had risen by 3.8% this quarter and gained 22.5% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts was unchanged in the last three months.​

In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

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." 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 $31.50, about 28.2% above its last closing price of $22.61

This summary was machine generated from LSEG data August 6 at 11:11 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
Jun. 30 2025
-0.19
0.42
Beat
Mar. 31 2025
-0.48
-0.64
Missed
Dec. 31 2024
-0.52
-0.90
Missed
Sep. 30 2024
-0.09
-0.39
Missed