Ameresco(AMRC)

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Ameresco (AMRC) Misses Q3 Earnings Estimates
ZACKS· 2024-11-08 01:06
Core Viewpoint - Ameresco reported quarterly earnings of $0.32 per share, missing the Zacks Consensus Estimate of $0.51 per share, and showing a decline from $0.40 per share a year ago, resulting in an earnings surprise of -37.25% [1] Financial Performance - The company posted revenues of $500.87 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.90%, and showing an increase from year-ago revenues of $335.15 million [2] - Over the last four quarters, Ameresco has exceeded consensus revenue estimates four times [2] Stock Performance - Ameresco shares have increased approximately 1.5% since the beginning of the year, compared to the S&P 500's gain of 24.3% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.62 on revenues of $524.81 million, and for the current fiscal year, it is $1.15 on revenues of $1.75 billion [7] - The estimate revisions trend for Ameresco is mixed, which may change following the recent earnings report [6] Industry Context - The Alternative Energy - Other industry, to which Ameresco belongs, is currently ranked in the bottom 35% of over 250 Zacks industries, indicating potential challenges for stock performance [8]
Ameresco Earns Frost & Sullivan's 2024 Company of the Year Award for the Energy Services Industry
Prnewswire· 2024-10-17 16:18
Core Viewpoint - Ameresco, Inc. has been recognized as the 2024 Company of the Year in the Energy Services industry by Frost & Sullivan, highlighting its leadership in providing innovative and cost-effective energy solutions that support decarbonization and infrastructure upgrades [1][6]. Company Overview - Ameresco is a cleantech integrator and renewable energy asset developer, offering a comprehensive portfolio of solutions aimed at reducing costs, achieving net-zero emissions, and enhancing energy resiliency [1][8]. - The company operates across the United States, Canada, the United Kingdom, and Europe, leveraging its project management capabilities to deliver energy solutions on time and within budget [2][8]. Innovation and Services - Ameresco's innovations include battery energy storage systems (BESS), microgrids, solar energy, renewable natural gas (RNG), electric vehicle (EV) charging infrastructure, and water management, which help clients meet their sustainability goals [3][4]. - The company emphasizes a customer-centric approach, aligning its energy services with clients' specific environmental and operational objectives [3][4]. Market Position and Strategy - Ameresco plans to expand geographically and technologically, focusing on emerging markets such as microgrid solutions and long-duration battery storage, which positions it for further market share growth [5]. - The company's strong execution capabilities and attention to detail foster long-lasting client relationships and create an ecosystem of trust with stakeholders [4][5]. Recognition and Awards - The Frost & Sullivan Company of the Year award recognizes organizations that demonstrate excellence in growth strategy, innovation, and customer value, underscoring Ameresco's leadership in the energy services sector [6][7].
Is the Options Market Predicting a Spike in Ameresco (AMRC) Stock?
ZACKS· 2024-09-03 13:40
Core Viewpoint - Investors in Ameresco, Inc. (AMRC) should closely monitor the stock due to significant movements in the options market, particularly the high implied volatility of the Sep 20, 2024 $22.50 Put option [1] Company Analysis - Ameresco is currently rated as Zacks Rank 3 (Hold) within the Alternative Energy - Other industry, which ranks in the bottom 29% of the Zacks Industry Rank [3] - Over the past 60 days, three analysts have raised their earnings estimates for the current quarter, while four have lowered theirs, resulting in a decrease of the Zacks Consensus Estimate from earnings of 51 cents per share to 50 cents [3] Options Market Insights - The high implied volatility in Ameresco's options suggests that traders are anticipating a significant price movement, which could indicate an upcoming event that may lead to a substantial rally or sell-off [2][3] - Options traders often seek to sell premium on options with high implied volatility, aiming to benefit from the decay of the option's value if the underlying stock does not move as much as expected by expiration [3]
Ameresco(AMRC) - 2024 Q2 - Quarterly Report
2024-08-06 16:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________. Commission File Number: 001-34811 Ameresco, Inc. (Exact name of registrant as specified in its charter) Delaware 04-3512838 (State ...
Ameresco(AMRC) - 2024 Q2 - Earnings Call Transcript
2024-08-06 08:38
Ameresco, Inc. (NYSE:AMRC) Q2 2024 Earnings Conference Call August 5, 2024 4:30 PM ET Company Participants Leila Dillon - SVP, Marketing & Communications George Sakellaris - Chairman, President & CEO Nicole Bulgarino - EVP & General Manager, Federal & Utility Solutions Mike Bakas - EVP, Renewable Natural Gas Doran Hole - EVP & CFO Mark Chiplock - SVP & Chief Accounting Officer Conference Call Participants Noah Kaye - Oppenheimer & Co Stephen Gengaro - Stifel George Gianarikas - Canaccord Genuity Kashy Harri ...
Ameresco(AMRC) - 2024 Q2 - Quarterly Results
2024-08-05 20:07
Exhibit 99.1 Ameresco Reports Second Quarter 2024 Financial Results Strong Revenue Growth Led by 45% Increase in Project Revenue Total Project Backlog Increased 36% Y/Y to a Record $4.4 billion; Contracted Backlog up 51% Record 155 MWe Energy Assets Placed into Operation During the Quarter Adjusting 2024 Guidance Second Quarter 2024 Financial Highlights: • Revenues of $438.0 million • Net income attributable to common shareholders of $5.0 million • GAAP EPS of $0.09 • Non-GAAP EPS of $0.10 • Adjusted EBITDA ...
Ameresco(AMRC) - 2024 Q1 - Earnings Call Transcript
2024-05-08 01:50
Ameresco, Inc. (NYSE:AMRC) Q1 2024 Earnings Conference Call May 7, 2024 4:30 PM ET Company Participants Leila Dillon – Senior Vice President, Marketing & Communications George Sakellaris – Chairman, President, and Chief Executive Officer Doran Hole – Executive Vice President and Chief Financial Officer Mark Chiplock – Senior Vice President and Chief Accounting Officer Conference Call Participants Noah Kaye – Oppenheimer & Co. Inc. Moses Sutton – BNP Eric Stine – Craig Hallum Joseph Osha – Guggenheim Leanne ...
Ameresco(AMRC) - 2024 Q1 - Earnings Call Presentation
2024-05-07 22:39
Q1 2024 Supplemental Information May 7, 2024 ...
Ameresco (AMRC) Reports Q1 Loss, Tops Revenue Estimates
Zacks Investment Research· 2024-05-07 22:36
Ameresco (AMRC) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.09%. A quarter ago, it was expected that this energy services company would post earnings of $0.60 per share when it actually produced earnings of $0.69, delivering a surprise of 15%.Over the last four quarters, the company ...
Ameresco(AMRC) - 2024 Q1 - Quarterly Report
2024-05-07 21:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________. Commission File Number: 001-34811 Ameresco, Inc. (Exact name of registrant as specified in its charter) Delaware 04-3512838 (State ...