Montrose Environmental Gr Q4 2023 GAAP EPS $0.27 Up From $0.25 YoY, Sales $165.74M Beat $160.47M Estimate
Portfolio Pulse from Benzinga Newsdesk
Montrose Environmental Gr (MEG) reported Q4 2023 GAAP EPS of $0.27, up from $0.25 YoY, with sales of $165.74M beating the $160.47M estimate, marking an 18.80% increase over the previous year.
February 29, 2024 | 12:02 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Montrose Environmental Gr reported a positive earnings surprise with Q4 2023 GAAP EPS of $0.27, up from $0.25 YoY, and sales of $165.74M exceeding estimates.
The positive earnings report, showing both an increase in EPS and sales exceeding estimates, is likely to instill investor confidence and potentially drive MEG's stock price up in the short term. The growth in earnings and sales, especially when beating estimates, is typically viewed positively by the market.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100