Montrose Environmental Group Raises 2024 Revenue Outlook From $675M-$725M To $690M-$740M vs $695.74M Est., Raises Adj. EBITDA Outlook From $90M-$95M To $95M-$100M
Portfolio Pulse from Benzinga Newsdesk
Montrose Environmental Group has increased its 2024 revenue forecast from the range of $675M-$725M to $690M-$740M, surpassing the estimated $695.74M. Additionally, the company has raised its adjusted EBITDA outlook from $90M-$95M to $95M-$100M.
April 02, 2024 | 11:18 am
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Montrose Environmental Group has revised its 2024 revenue and adjusted EBITDA forecasts upwards, indicating a positive outlook for the company's financial performance.
The upward revision in both revenue and adjusted EBITDA forecasts by Montrose Environmental Group suggests a strong and positive outlook for the company's financial health and operational efficiency. This is likely to be viewed favorably by investors, potentially leading to an increase in stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100