Ameresco (AMRC) Misses Q3 Earnings Estimates

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]