Ameresco, Inc. (NYSE:AMRC) is reporting second quarter financial results on Monday 3rd August 2020, after market close.
According to analysts surveyed by Thomson Reuters, AMRC is expected to report 2Q20 income of $ 0.06 per share from revenue of $ 195.85 million.
For the full year, analysts anticipate top line of $ 942.62 million, while looking forward to income of $ 0.90 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 910.00 million ~ $ 980.00 million, where as bottomline are predicted in a range of $ 0.86 ~ $ 0.96 per share
Click Here For More Historical Outlooks Of Ameresco, Inc.
Previous Quarter Performance
Ameresco, Inc. recorded income for the first quarter of $ 0.15 per share, from the revenue of $ 212.41 million. The quarterly earnings developed 650.00 percent while revenues increased 41.50 percent compared with the same quarter last year.
According to street consensus, AMRC was expected to report 1Q20 income of $ 0.07 per share from revenue of $ 173.74 million. The bottom line results beat street analysts by $ 0.08 or 114.29 percent, at the same time, top line results outshined analysts by $ 38.67 million or 22.26 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of AMRC was $ 27.68, representing a 111.14 % increase from the 52 week low of $ 13.11 and a 14.78 % decrease over the 52 week high of $ 32.48.
The company has a market capital of $ 1.32 billion and is part of the Services sector and Technical Services industry.
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Recent Analyst recommendations
- On 9th July 2020, maintained by Raymond James at Strong Buy rating, with $ 31.00 target price.
- On 9th June 2020, initiated by Craig Hallum at Buy rating.
Conference Call
Ameresco, Inc. will be hosting a conference call at 4:30 PM eastern time on 3rd August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ameresco.com
Ameresco, Inc. provides comprehensive energy services for businesses and organizations in North America and Europe. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions.
