Earnings Estimates Moving Higher for Montrose Environmental (MEG): Time to Buy?

Core Viewpoint - Montrose Environmental (MEG) shows a promising earnings outlook, with analysts raising their earnings estimates, which is likely to positively impact the stock price [1][2]. Earnings Estimates - Analysts' optimism is reflected in higher earnings estimates, correlating with potential stock price increases [2]. - For the current quarter, the expected earnings per share (EPS) is $0.35, a decrease of 14.6% from the previous year, but the Zacks Consensus Estimate has increased by 10.26% due to one upward revision [5]. - For the full year, the expected EPS is $1.34, representing a 24.1% increase from the prior year, with the consensus estimate rising by 33.06% following one upward revision [6][7]. Zacks Rank - Montrose Environmental holds a Zacks Rank 1 (Strong Buy), indicating strong agreement among analysts on positive earnings revisions [8]. - Stocks with Zacks Rank 1 and 2 have historically outperformed the S&P 500 [8]. Stock Performance - The stock has gained 5.2% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects [9].