A Preview Of Montrose Environmental Gr's Earnings
Portfolio Pulse from Benzinga Insights
Montrose Environmental Gr (NYSE:MEG) is scheduled to release its quarterly earnings report on Thursday, 2024-02-29, with an expected EPS of $-0.36. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historically, MEG has shown the ability to beat EPS estimates, which has sometimes led to significant stock price movements. Over the last year, MEG shares have declined by 8.77%, with the stock currently trading at $33.05.
February 28, 2024 | 3:02 pm
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Montrose Environmental Gr is expected to report an EPS of $-0.36 for the upcoming quarter. Historical performance shows the company's ability to beat EPS estimates, which could influence stock price movement.
Given MEG's history of surpassing EPS estimates and the subsequent positive impact on its stock price, there is a potential for a short-term positive movement if the company beats the current estimate and provides favorable guidance. However, the overall negative yearly performance and the 8.77% decline in stock price indicate a cautious optimism.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100