For the quarter ended March 2024, Montrose Environmental (MEG) reported income of $155.33 million, up 18.2% over the identical interval final 12 months. EPS got here in at $0.16, in comparison with -$0.63 within the year-ago quarter.
The reported income compares to the Zacks Consensus Estimate of $152.61 million, representing a shock of +1.78%. The corporate delivered an EPS shock of +220.00%, with the consensus EPS estimate being $0.05.
Whereas traders intently watch year-over-year modifications in headline numbers — income and earnings — and the way they examine to Wall Avenue expectations to find out their subsequent plan of action, some key metrics at all times present a greater perception into an organization’s underlying efficiency.
Since these metrics play a vital function in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps traders higher undertaking a inventory’s value efficiency.
Right here is how Montrose Environmental carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Avenue analysts:
- Revenues- Evaluation, Allowing and Response: $58.58 million in comparison with the $50.86 million common estimate based mostly on two analysts. The reported quantity represents a change of +12.2% 12 months over 12 months.
- Revenues- Remediation & Reuse: $51.25 million versus the two-analyst common estimate of $46.40 million. The reported quantity represents a year-over-year change of +39.7%.
- Revenues- Measurements & Evaluation: $45.49 million versus the two-analyst common estimate of $45.82 million. The reported quantity represents a year-over-year change of +7%.
View all Key Company Metrics for Montrose Environmental here>>>
Shares of Montrose Environmental have returned +4.2% over the previous month versus the Zacks S&P 500 composite’s -0.4% change. The inventory at present has a Zacks Rank #2 (Purchase), indicating that it may outperform the broader market within the close to time period.
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Montrose Environmental Group, Inc. (MEG) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
