Montrose Environmental Gr Q1 GAAP EPS $(0.53) Misses $(0.45) Estimate, Sales $155.32M Beat $152.16M Estimate
Portfolio Pulse from Benzinga Newsdesk
Montrose Environmental Gr (NYSE:MEG) reported Q1 adjusted losses of $(0.53) per share, missing the $(0.45) estimate, and sales of $155.32M, beating the $152.16M estimate. This represents a significant decrease in earnings and an increase in sales compared to the same period last year.
May 07, 2024 | 10:19 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Montrose Environmental Gr reported a larger-than-expected Q1 loss at $(0.53) per share against an estimate of $(0.45), but surpassed sales estimates with $155.32M.
The larger-than-expected loss per share indicates operational challenges or increased costs, which could negatively impact investor sentiment and stock price in the short term. However, the sales beat might offset some negative sentiment by showing growth or market capture, making the overall impact slightly negative.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100