Montrose Environmental Group Announces First Quarter 2022 Results

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Go back to Montrose Environmental Group Announces First Quarter 2022 Results

JPMorgan Upgrades Montrose Environmental Group (MEG) to Overweight, '1Q22 Results and 2022 Guide Indicate Solid Fundamentals'

May 11, 2022 5:06 PM EDT

JPMorgan analyst Stephanie Yee upgraded Montrose Environmental Group (NYSE: MEG) from Neutral to Overweight with a price target of $47.00 (from $55.00).

The analyst comments "Montrose is a diversified environmental services company that has offerings including air measurement and lab services, leak detection, water and PFAS treatment, soil and groundwater remediation, and environmental emergency response. The company was... More

Montrose Environmental (MEG) Misses Q1 EPS by 28c

May 9, 2022 5:08 PM EDT

Montrose Environmental (NYSE: MEG) reported Q1 EPS of ($0.39), $0.28 worse than the analyst estimate of ($0.11). Revenue for the quarter came in at $134.7 million versus the consensus estimate of $133.2 million.

GUIDANCE:

Montrose Environmental sees FY2022 revenue of $520-570 million.

For earnings history and earnings-related data on Montrose Environmental (MEG) click here.

... More