Ameresco: Fourth Quarter Earnings Overview

Ameresco Reports Strong Fourth Quarter Results

Ameresco, headquartered in Framingham, Massachusetts, announced a net profit of $18.4 million for the fourth quarter.

The company’s earnings translated to 34 cents per share, with adjusted earnings—excluding special items—coming in at 39 cents per share.

These results surpassed analysts’ predictions, as the consensus from four Zacks Investment Research analysts had anticipated earnings of 32 cents per share.

Ameresco’s quarterly revenue reached $581 million, exceeding the expected $553.8 million projected by analysts surveyed by Zacks.

For the full year, Ameresco reported a total profit of $44.3 million, or 83 cents per share, with annual revenue amounting to $1.93 billion.

Looking ahead, the company forecasts earnings for the upcoming year to fall between $1.10 and $1.35 per share, with projected revenue ranging from $2 billion to $2.2 billion.

Since the start of the year, Ameresco’s stock price has climbed nearly 6%. By the close of trading on Monday, shares were valued at $30.95, marking a more than twofold increase over the past year.