Montrose Environmental Group, Inc. Common Stock (MEG)
14.63
-0.24 (-1.61%)
Montrose Environmental Group Inc is a prominent environmental services company that specializes in providing a wide range of solutions to help organizations manage environmental challenges
The company focuses on areas such as air quality, water resources, and waste management, delivering services that include environmental consulting, testing, and remediation. Montrose aims to assist clients in navigating complex regulatory environments and achieving sustainability goals, while also fostering collaboration and innovation in addressing pressing environmental issues. Through its expertise and commitment to environmental stewardship, Montrose supports businesses, governments, and communities in promoting cleaner and healthier ecosystems.
Shareholders of Montrose would probably like to forget the past six months even happened. The stock dropped 42.7% and now trades at $16.68. This may have investors wondering how to approach the situation.
Montrose Environmental Group selected by U.S. Air Force as one of the firms to provide environmental services, including contaminant remediation, over the next decade.
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Environmental services provider Montrose (NYSE:MEG) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 14.1% year on year to $189.1 million. The company expects the full year’s revenue to be around $760 million, close to analysts’ estimates. Its non-GAAP profit of $0.29 per share was significantly above analysts’ consensus estimates.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Clean Harbors (NYSE:CLH) and its peers.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how waste management stocks fared in Q3, starting with Perma-Fix (NASDAQ:PESI).
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Montrose (NYSE:MEG) and its peers.
Whether you see them or not, industrials businesses play a crucial part in our daily activities. Still, their generally high capital requirements expose them to the ups and downs of economic cycles,
and the industry’s six-month return of 13% has fallen short of the S&P 500’s 16.8% rise.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how environmental and facilities services stocks fared in Q3, starting with BrightView (NYSE:BV).
Montrose has gotten torched over the last six months - since July 2024, its stock price has dropped 54.4% to $18.29 per share. This may have investors wondering how to approach the situation.
Environmental services provider Montrose (NYSE:MEG) fell short of the market’s revenue expectations in Q3 CY2024, but sales rose 6.4% year on year to $178.7 million. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $715 million at the midpoint. Its non-GAAP profit of $0.41 per share was 26.8% above analysts’ consensus estimates.
Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) announced today the planned dates for its third quarter 2024 results and conference call.
