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Montrose Environmental Reports (MEG) Second Quarter Earnings: What Key Metrics Have to Say

Posted on by darion

For the quarter ended June 2023, Montrose Environmental (MEG) reported revenue of $159.1 million, an increase of 13.7% compared to the same period last year. EPS was -$0.38 compared to $0.03 in the year-ago quarter.

The reported revenues represent a +10.39% surprise compared to the Zacks Consensus Estimate of $144.13 million. With the consensus EPS estimate of -$0.29, the EPS surprise was -31.03%.

While investors analyze year-over-year changes in revenue and earnings and how they compare to Wall Street expectations to determine the next move, certain key metrics always provide a more accurate picture of a company’s financial health.

Because these metrics impact financial performance and earnings, comparing them to year-ago numbers and analyst estimates helps investors more accurately predict stock price performance.

Here are Montrose Environmental’s performance in the just-reported quarter in terms of metrics most frequently monitored and predicted by Wall Street analysts:

  • Revenue – Assessment, Permits and Response: $61.41 million compared to the $51.52 million estimated by two analysts on average.

  • Revenues – reclamation and reuse: $47.64 million compared to the $45.83 million estimated by two analysts on average.

  • Revenue – measurements and analyses: $50.06 million compared to the average estimate of $44.61 million from two analysts.

View all key company metrics for Montrose Environmental here>>>

Shares of Montrose Environmental have gained 16.8% over the past month, compared to a 2.8% gain for the Zacks S&P 500 composite. The stock is currently sporting a Zacks Rank #3 (Hold), which indicates that it could potentially achieve results at par with the broader market.

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