Montrose Environmental Gr Q2 2024 Adj. EPS $0.20 Beats $(0.22) Estimate, Sales $173.325M Miss $173.935M Estimate
Portfolio Pulse from Benzinga Newsdesk
Montrose Environmental Group (NYSE:MEG) reported Q2 2024 adjusted EPS of $0.20, significantly beating the analyst estimate of $(0.22). However, sales of $173.325 million slightly missed the $173.935 million estimate. Sales increased by 8.94% year-over-year.
August 06, 2024 | 9:07 pm
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Montrose Environmental Group (NYSE:MEG) reported Q2 2024 adjusted EPS of $0.20, beating the analyst estimate of $(0.22) by 190.91%. However, sales of $173.325 million missed the $173.935 million estimate by 0.35%. Sales increased by 8.94% year-over-year.
The significant EPS beat is likely to have a positive short-term impact on MEG's stock price, despite the slight miss in sales. The year-over-year sales growth of 8.94% also adds a positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100