Montrose Environmental Group (MEG) stock experienced a sharp pre-market plunge of 8.26% on Thursday, following the company's release of disappointing fourth-quarter earnings results and a weaker-than-expected outlook for the current fiscal year.
The environmental services provider reported a fourth-quarter net loss of $28.2 million, or $0.90 per share, missing analysts' expectations of a $0.52 loss per share. The company's revenue of $189.1 million, while up 14.1% year-over-year, narrowly beat analysts' estimates of $187.6 million.
Montrose's outlook for the full fiscal year 2025 also fell short of expectations, with the company forecasting adjusted EBITDA in the range of $101 million to $108 million, reflecting a potential decline from the previous year's figure. Analysts had been anticipating a more robust financial performance, contributing to the stock's pre-market sell-off.
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