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

• 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)