Ameresco Inc reports results for the quarter ended June 30 - Earnings Summary

• Ameresco Inc AMRC reported quarterly adjusted earnings of 24 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 9 cents. The mean expectation of ten analysts for the quarter was for earnings of 2 cents per share. Wall Street expected results to range from -9 cents to 14 cents per share.

• Revenue rose 7.8% to $472.28 million from a year ago; analysts expected $415.29 million.

• Ameresco Inc's reported EPS for the quarter was 24 cents​.

• The company reported quarterly net income of $12.86 million.

• Ameresco Inc shares had risen by 4.5% this quarter and lost 32.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 78.1% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the renewable energy equipment & services peer group is also "buy"

• Wall Street's median 12-month price target for Ameresco Inc is $20.00, about 16.5% above its last closing price of $16.70

This summary was machine generated from LSEG data August 4 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)