Montrose Environmental (MEG) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Montrose Environmental (MEG) reported revenue of $189.06 million for Q4 2024, a year-over-year increase of 14.1% and an EPS of $0.29, up from $0.27 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $187.81 million by 0.67%, while the EPS fell short of the consensus estimate of $0.31 by 6.45% [1] Revenue Breakdown - Revenues from Assessment, Permitting and Response were $50.81 million, below the average estimate of $56.30 million, reflecting a year-over-year increase of 1.4% [4] - Revenues from Remediation & Reuse reached $72.77 million, surpassing the estimated $65.90 million, marking an 18.1% increase year-over-year [4] - Revenues from Measurements & Analysis totaled $65.48 million, exceeding the average estimate of $59.42 million, with a year-over-year change of 21.2% [4] Adjusted EBITDA Performance - Adjusted EBITDA for Assessment, Permitting and Response was $7.93 million, significantly lower than the average estimate of $12.50 million [4] - Adjusted EBITDA for Remediation & Reuse was $12.75 million, slightly above the average estimate of $11.80 million [4] - Adjusted EBITDA for Measurements & Analysis reached $18.29 million, exceeding the average estimate of $13.15 million [4] Stock Performance - Montrose Environmental's shares have declined by 19.4% over the past month, compared to a 2.3% decline in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]