Montrose Environmental Group Inc reports results for the quarter ended December 31 - Earnings Summary

• Montrose Environmental Group Inc MEG.N reported a quarterly adjusted loss of 90 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of -18 cents. The mean expectation of six analysts for the quarter was for a loss of 52 cents per share. Wall Street expected results to range from -77 cents to -26 cents per share.

• Revenue rose 14.1% to $189.06 million from a year ago; analysts expected $187.56 million.

• Montrose Environmental Group Inc's reported EPS for the quarter was a loss of 90 cents​.

• The company reported a quarterly loss of $30.98 million.

• Montrose Environmental Group Inc shares had fallen by 6.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 310.5% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• 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."

• 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 $33.00

This summary was machine generated from LSEG data February 26 at 11:25 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)