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Ameresco (AMRC)
NYSE:AMRC
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.78Last Year’s EPS
$0.69Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -29.36%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Positive
Ameresco demonstrated strong financial performance with significant growth in revenue, EBITDA, and project backlog. The company successfully expanded its energy assets and maintained robust demand in federal and international markets. However, challenges such as lower gross margins, higher interest expenses, and supply chain issues were noted. Despite these challenges, the overall sentiment is positive due to the outweighing highlights.Company Guidance
During the Q3 2024 earnings call for Ameresco, Inc., management provided robust guidance, highlighting a diversified business model leading to significant growth metrics. The company reported over 40% growth in both revenue and adjusted EBITDA, surpassing its annual guidance with a record 2,000 megawatts of energy assets in operation. The project backlog expanded by 22% to $4.5 billion, with a contracted project backlog increasing by 56% to $1.9 billion. Ameresco also reaffirmed its full-year guidance, projecting revenue growth of 27% and adjusted EBITDA growth of 35% at the midpoints, driven by strong execution across its business lines. The company is poised to maintain momentum into 2025, supported by a comprehensive portfolio of cleantech solutions and continued diversification across geographies and markets.Significant Revenue and EBITDA Growth
Ameresco reported over 40% growth in both revenue and adjusted EBITDA, with total revenue growing 49% to over $0.5 billion.
Expansion of Energy Assets and Backlog
The company brought an additional 42 megawatts of energy assets into operation, exceeding the full-year guidance of 200 megawatts. The total project backlog grew by 22%, with a contracted backlog increase of 56% to $1.9 billion.
Strong Performance Across Business Lines
Each of Ameresco's four business lines experienced double-digit growth, with project business revenue growing nearly 60% and O&M business revenue growing 25%.
Resiliency Projects and Federal Market Success
Ameresco completed several large resiliency projects, including a 50-megawatt battery energy storage project in California. The federal market remained strong under different administrations, with a focus on budget-neutral infrastructure solutions.
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AMRC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AMRC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $31.64 | $26.48 | -16.31% |
| Aug 05, 2024 | $26.85 | $28.73 | +7.00% |
| May 07, 2024 | $22.24 | $26.94 | +21.13% |
| Feb 28, 2024 | $20.37 | $20.96 | +2.90% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ameresco (AMRC) report earnings?
Ameresco (AMRC) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Ameresco (AMRC) earnings time?
Ameresco (AMRC) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AMRC EPS forecast?
AMRC EPS forecast for the fiscal quarter 2024 (Q4) is $0.78.
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