Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries What To Expect From Montrose’s (MEG) Q3 Earnings By: StockStory November 05, 2024 at 02:05 AM EST Environmental services provider Montrose (NYSE:MEG) will be announcing earnings results tomorrow afternoon. Here’s what investors should know. Montrose met analysts’ revenue expectations last quarter, reporting revenues of $173.3 million, up 8.9% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ operating margin estimates but a miss of analysts’ earnings estimates. Is Montrose a buy or sell going into earnings? Read our full analysis here, it’s free. This quarter, analysts are expecting Montrose’s revenue to grow 10.5% year on year to $185.5 million, slowing from the 28.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.32 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Montrose has missed Wall Street’s revenue estimates four times over the last two years. Looking at Montrose’s peers in the waste management segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Waste Management delivered year-on-year revenue growth of 7.9%, beating analysts’ expectations by 1.7%, and Republic Services reported revenues up 6.5%, falling short of estimates by 1%. Waste Management’s stock price was unchanged after the results, and Republic Services’s price followed a similar reaction. Read our full analysis of Waste Management’s results here and Republic Services’s results here. Investors in the waste management segment have had steady hands going into earnings, with share prices flat over the last month. Montrose is up 24% during the same time and is heading into earnings with an average analyst price target of $49.50 (compared to the current share price of $26.21). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
What To Expect From Montrose’s (MEG) Q3 Earnings By: StockStory November 05, 2024 at 02:05 AM EST Environmental services provider Montrose (NYSE:MEG) will be announcing earnings results tomorrow afternoon. Here’s what investors should know. Montrose met analysts’ revenue expectations last quarter, reporting revenues of $173.3 million, up 8.9% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ operating margin estimates but a miss of analysts’ earnings estimates. Is Montrose a buy or sell going into earnings? Read our full analysis here, it’s free. This quarter, analysts are expecting Montrose’s revenue to grow 10.5% year on year to $185.5 million, slowing from the 28.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.32 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Montrose has missed Wall Street’s revenue estimates four times over the last two years. Looking at Montrose’s peers in the waste management segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Waste Management delivered year-on-year revenue growth of 7.9%, beating analysts’ expectations by 1.7%, and Republic Services reported revenues up 6.5%, falling short of estimates by 1%. Waste Management’s stock price was unchanged after the results, and Republic Services’s price followed a similar reaction. Read our full analysis of Waste Management’s results here and Republic Services’s results here. Investors in the waste management segment have had steady hands going into earnings, with share prices flat over the last month. Montrose is up 24% during the same time and is heading into earnings with an average analyst price target of $49.50 (compared to the current share price of $26.21). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.
Environmental services provider Montrose (NYSE:MEG) will be announcing earnings results tomorrow afternoon. Here’s what investors should know. Montrose met analysts’ revenue expectations last quarter, reporting revenues of $173.3 million, up 8.9% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ operating margin estimates but a miss of analysts’ earnings estimates. Is Montrose a buy or sell going into earnings? Read our full analysis here, it’s free. This quarter, analysts are expecting Montrose’s revenue to grow 10.5% year on year to $185.5 million, slowing from the 28.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.32 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Montrose has missed Wall Street’s revenue estimates four times over the last two years. Looking at Montrose’s peers in the waste management segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Waste Management delivered year-on-year revenue growth of 7.9%, beating analysts’ expectations by 1.7%, and Republic Services reported revenues up 6.5%, falling short of estimates by 1%. Waste Management’s stock price was unchanged after the results, and Republic Services’s price followed a similar reaction. Read our full analysis of Waste Management’s results here and Republic Services’s results here. Investors in the waste management segment have had steady hands going into earnings, with share prices flat over the last month. Montrose is up 24% during the same time and is heading into earnings with an average analyst price target of $49.50 (compared to the current share price of $26.21). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.
