As you might know, Montrose Environmental Group, Inc. (NYSE:MEG) last week released its latest third-quarter, and things did not turn out so great for shareholders. It was a pretty negative result overall, with revenues of US$179m missing analyst predictions by 3.7%. Worse, the business reported a statutory loss of US$0.39 per share, much larger than the analysts had forecast prior to the result. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

View our latest analysis for Montrose Environmental Group

Taking into account the latest results, the most recent consensus for Montrose Environmental Group from seven analysts is for revenues of US$778.5m in 2025. If met, it would imply a meaningful 16% increase on its revenue over the past 12 months. Losses are predicted to fall substantially, shrinking 74% to US$0.37. Yet prior to the latest earnings, the analysts had been forecasting revenues of US$784.9m and losses of US$0.42 per share in 2025. Although the revenue estimates have not really changed Montrose Environmental Group'sfuture looks a little different to the past, with a notable improvement in the loss per share forecasts in particular.

Even with the lower forecast losses, the analysts lowered their valuations, with the average price target falling 14% to US$42.50. It looks likethe analysts have become less optimistic about the overall business. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic Montrose Environmental Group analyst has a price target of US$54.00 per share, while the most pessimistic values it at US$29.00. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Montrose Environmental Group's past performance and to peers in the same industry. It's pretty clear that there is an expectation that Montrose Environmental Group's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 12% growth on an annualised basis. This is compared to a historical growth rate of 19% over the past five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 7.1% per year. So it's pretty clear that, while Montrose Environmental Group's revenue growth is expected to slow, it's still expected to grow faster than the industry itself.