Montrose Environmental Group Reaffirms 2024 Outlook; Sees Revenue $690M-$740M vs $708.6M Est., Adj. EBITDA $95M-$100M
Portfolio Pulse from Benzinga Newsdesk
Montrose Environmental Group has reaffirmed its 2024 outlook, projecting revenue between $690 million and $740 million, compared to the estimated $708.6 million. The company also expects adjusted EBITDA to be in the range of $95 million to $100 million.
August 06, 2024 | 9:47 pm
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Montrose Environmental Group has reaffirmed its 2024 outlook, projecting revenue between $690 million and $740 million, compared to the estimated $708.6 million. The company also expects adjusted EBITDA to be in the range of $95 million to $100 million.
The reaffirmation of the 2024 outlook with revenue and adjusted EBITDA projections in line with or slightly above estimates is likely to have a positive short-term impact on Montrose Environmental Group's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100