Ameresco: Fourth Quarter Earnings Overview

Ameresco Announces Fourth-Quarter Financial Results

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

The company’s earnings translated to $0.34 per share, with adjusted earnings—excluding special items—coming in at $0.39 per share.

These results surpassed analysts’ expectations, as the consensus from four Zacks Investment Research analysts had forecast earnings of $0.32 per share.

Ameresco’s revenue for the quarter reached $581 million, also exceeding projections. Analysts surveyed by Zacks had anticipated revenue of $553.8 million.

For the full year, Ameresco posted a profit of $44.3 million, or $0.83 per share, on total revenue of $1.93 billion.

Looking ahead, the company anticipates earnings for the upcoming year to fall between $1.10 and $1.35 per share, with revenue expected to range 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.