Ameresco Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Ameresco (NYSE:AMRC) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$500.9m (up 49% from 3Q 2023).
• Net income: US$17.6m (down 17% from 3Q 2023).
• Profit margin: 3.5% (down from 6.3% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.34 (down from US$0.41 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ameresco Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates by 30%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Construction industry in the US.

Performance of the American Construction industry.

The company's shares are down 18% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Ameresco (1 doesn't sit too well with us!) that we have uncovered.

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