Montrose Environmental Gr Q2 Adj EPS $0.13 Beats $(0.29) Estimate, Sales $159.10M Beat $145.23M Estimate
Portfolio Pulse from totan@benzinga.com
Montrose Environmental Gr (NYSE:MEG) reported Q2 earnings of $0.13 per share, beating the analyst consensus estimate of $(0.29) by 144.83%. This is a 333.33% increase over earnings of $0.03 per share from the same period last year. The company also reported quarterly sales of $159.10 million, beating the analyst consensus estimate of $145.23 million by 9.55%. This is a 13.72% increase over sales of $139.91 million the same period last year.
August 08, 2023 | 8:46 pm
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POSITIVE IMPACT
Montrose Environmental Gr's Q2 earnings and sales beat estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock.
Montrose Environmental Gr's Q2 earnings and sales exceeded analyst estimates, which is typically a positive signal for the company's stock. The significant increase in earnings and sales YoY further strengthens this positive outlook.
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RELEVANCE 100