MEG Stock Recent News

Montrose Environmental Group, Inc. (NYSE:MEG ) Q3 2023 Earnings Conference Call November 8, 2023 8:30 AM ET Company Participants Rodny Nacier - Investor Relations Vijay Manthripragada - President and Chief Executive Officer Allan Dicks - Chief Financial Officer Conference Call Participants Tim Mulrooney - William Blair Jim Ricchiuti - Needham & Company David Ridley-Lane - Bank of America Wade Suki - Capital One Stephanie Yee - JP Morgan Operator Good morning and welcome to the Montrose Environmental Group, Inc. Third Quarter 2023 Earnings Call. All participants will be in a listen-only mode.

While the top- and bottom-line numbers for Montrose Environmental (MEG) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

The headline numbers for Montrose Environmental (MEG) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Montrose Environmental (MEG) came out with a quarterly loss of $0.38 per share versus the Zacks Consensus Estimate of a loss of $0.29. This compares to earnings of $0.03 per share a year ago.

I reiterate a buy rating for MEG given its raised guidance and M&A activity traction. The company has increased its FY23 adjusted EBITDA guidance and closed two significant deals, GreenPath Energy and Matrix Solutions, which are expected to drive further growth. MEG's improved EBITDA outlook should lead to a reversion to historical valuation of 22x forward EBITDA.

Montrose Environmental Group, Inc. (NYSE:MEG ) Q1 2023 Earnings Conference Call May 9, 2023 8:30 AM ET Company Participants Rodny Nacier - Investor Relations Vijay Manthripragada - President, Chief Executive Officer & Director Allan Dicks - Chief Financial Officer Conference Call Participants Samuel Kusswurm - William Blair & Company Christopher Grenga - Needham & Company David Ridley-Lane - Bank of America Merrill Lynch Wade Suki - Capital One Operator Hello and welcome to the Montrose Environmental Group, Inc. First Quarter 2023 Earnings Call. [Operator Instructions] Please note, today's event is being recorded.

Montrose Environmental's financial performance for 4Q22 was disappointing, and its guidance for 2023 is bleak due to a decline in CTEH. MEG's success in cross-selling its services is evident in the growth of revenues from customers who purchase multiple service lines.

Montrose Environmental (MEG) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Montrose Environmental Group, Inc. (NYSE:MEG ) Q4 2022 Earnings Conference Call March 1, 2023 8:30 AM ET Company Participants Rodny Nacier - ICR Vijay Manthripragada - President, CEO & Director Allan Dicks - CFO Conference Call Participants Christopher Grenga - Needham & Company Timothy Mulrooney - William Blair & Company Stephanie Yee - JPMorgan Chase & Co. Operator Greetings, and welcome to the Montose Environmental Group, Inc. Fourth Quarter 2021 Earnings Call. [Operator Instructions].

A fall in COVID testing led to a revenue shortfall.