
MEG Stock Forecast & Price Target
MEG Analyst Ratings
Bulls say
Montrose Environmental Group Inc. reported a notable 48% year-over-year increase in EBITDA, reaching $18.3 million, alongside a 33% quarter-over-quarter growth, highlighting the firm's robust financial performance and operational efficiency. The Assessment, Permitting, and Response segment saw a remarkable 94% year-over-year revenue increase, largely fueled by environmental emergency response services to a significant energy client, which underscores the strong demand for the company's services. Furthermore, the EBITDA margin improved to 14.8% in Q2, marking an increase of 110 basis points year-over-year and 580 basis points quarter-over-quarter, indicating enhanced profitability and operational success across its business lines.
Bears say
Montrose Environmental Group Inc faces significant risks that contribute to a negative outlook due to considerable variability in quarterly revenue expectations, which may adversely impact annual performance metrics. Higher operational costs and challenges in the integration of acquisitions pose further threats, particularly as the company aims to utilize acquisitions to bolster organic growth. Any missteps in these integrations could undermine the company’s financial stability and jeopardize investor confidence, leading to potential downside in projected earnings.
This aggregate rating is based on analysts' research of Montrose Environmental Group, Inc. and is not a guaranteed prediction by Public.com or investment advice.
MEG Analyst Forecast & Price Prediction
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