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Ameresco Earnings: What To Look For From AMRC

AMRC Cover Image

Energy and renewable energy projects company Ameresco (NYSE: AMRC) will be reporting results this Monday after market hours. Here’s what to look for.

Ameresco beat analysts’ revenue expectations by 14.9% last quarter, reporting revenues of $352.8 million, up 18.2% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

Is Ameresco a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Ameresco’s revenue to decline 4.6% year on year to $417.8 million, a reversal from the 33.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.07 per share.

Ameresco Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Ameresco has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Ameresco’s peers in the construction and engineering segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Quanta delivered year-on-year revenue growth of 21.1%, beating analysts’ expectations by 3.5%, and Comfort Systems reported revenues up 20.1%, topping estimates by 10.6%. Quanta traded down 4% following the results while Comfort Systems was up 22.3%.

Read our full analysis of Quanta’s results here and Comfort Systems’s results here.

Investors in the construction and engineering segment have had steady hands going into earnings, with share prices flat over the last month. Ameresco is down 3% during the same time and is heading into earnings with an average analyst price target of $22.11 (compared to the current share price of $15.59).

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