Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Montrose Environmental Group (MEG)
NYSE:MEG
RESEARCH TOOLSreports
Holding MEG?
Track your performance easily
Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.15Last Year’s EPS
-$0.18Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -30.18%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook with strong quarterly financial performance, successful integration of acquisitions, and significant growth in key segments. However, challenges such as reductions in environmental emergency response revenue and temporary cash flow issues were noted. Overall, the sentiment is optimistic with confidence in future growth.Company Guidance
During the earnings call for Montrose Environmental Group, guidance for the fiscal year 2024 was reiterated, with expected revenue in the range of $690 million to $740 million and consolidated adjusted EBITDA between $95 million and $100 million. The company highlighted its strong third-quarter performance, recording a revenue of $178.7 million and a consolidated adjusted EBITDA of $28.3 million, marking a 15.8% margin. Montrose emphasized its focus on organic growth and the redemption of its Series A2 preferred stock, aiming to convert over 50% of consolidated adjusted EBITDA into operating cash flow. The company plans to achieve this through cash flow generation and incremental borrowing, with no intentions to issue equity for preferred stock redemption. Despite the temporary deemphasizing of acquisitions, Montrose remains optimistic about its long-term strategic growth, reinforced by robust organic growth and positive contributions from recent acquisitions.Record-Breaking Quarterly Revenue
The company reported a quarterly revenue of $178.7 million, marking a 6.4% increase from the previous year.
Improved EBITDA Margins
Consolidated adjusted EBITDA reached $28.3 million with a margin of 15.8%, a 190 basis point improvement over the prior year quarter.
Strong Performance in Measurement and Analysis Segment
The Measurement and Analysis segment saw a 16.1% increase in revenue, with a 29.2% increase in adjusted EBITDA, reflecting strong organic growth and contributions from acquisitions.
Successful Acquisitions Integration
Recent acquisitions, such as Matrix, Origins, and Spirit, have been successfully integrated, showing significant improvements in margins and cross-selling opportunities.
Positive Outlook for PFAS-Related Revenue
PFAS-related revenue in laboratories is expected to increase approximately 30% in 2024 with consulting services expected to increase approximately 75%.
---
MEG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
MEG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $24.39 | $23.67 | -2.95% |
| Aug 06, 2024 | $29.27 | $29.32 | +0.17% |
| May 07, 2024 | $47.57 | $43.27 | -9.04% |
| Feb 29, 2024 | $33.01 | $41.38 | +25.36% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Montrose Environmental Group (MEG) report earnings?
Montrose Environmental Group (MEG) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Montrose Environmental Group (MEG) earnings time?
Montrose Environmental Group (MEG) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MEG EPS forecast?
MEG EPS forecast for the fiscal quarter 2024 (Q4) is -$0.15.
---