An Overview of Montrose Environmental Gr's Earnings

Montrose Environmental Gr (NYSE:MEG) is preparing to release its quarterly earnings on Tuesday, 2024-08-06. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Montrose Environmental Gr to report an earnings per share (EPS) of $-0.22.

Anticipation surrounds Montrose Environmental Gr's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Historical Earnings Performance

In the previous earnings release, the company beat EPS by $0.61, leading to a 9.04% drop in the share price the following trading session.

Here's a look at Montrose Environmental Gr's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

-0.22

-0.45

-0.36

-0.23

EPS Actual

0.20

0.16

0.27

0.14

Price Change %

0.0%

-9.0%

-8.0%

3.0%

Stock Performance

Shares of Montrose Environmental Gr were trading at $25.71 as of November 01. Over the last 52-week period, shares are up 2.76%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analyst Insights on Montrose Environmental Gr

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Montrose Environmental Gr.

The consensus rating for Montrose Environmental Gr is Buy, derived from 4 analyst ratings. An average one-year price target of $51.25 implies a potential 99.34% upside.

Peer Ratings Comparison

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