Ameresco, Inc. (NYSE:AMRC) is set to announce third quarter earning results on Monday 2nd November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, AMRC to report 3Q20 income of $ 0.25 per share.
For the full year, analysts anticipate top line of $ 954.42 million, while looking forward to income of $ 0.92 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. came out with income for the second quarter of $ 0.19 per share, from the revenue of $ 223.04 million. The quarterly earnings raised 5.56 percent while revenues extended 12.54 percent compared with the same quarter last year.
Street analysts expected Ameresco, Inc. to report income of $ 0.06 per share on revenue of $ 195.85 million for the second quarter. The bottom line results beat street analysts by $ 0.13 or 216.67 percent, at the same time, top line results outshined analysts by $ 27.19 million or 13.88 percent.
Stock Performance
On Friday, shares of Ameresco, Inc. has traded high as $ 39.15 and has cracked $ 37.27 on the downward trend, reaching $ 38.39 with volume of 243.20 thousand shares.
According to the previous trading day, closing price of $ 38.39, representing a 190.88 % increase from the 52 week low of $ 13.38 and a 16.86 % decrease over the 52 week high of $ 46.81.
The company has a market capital of $ 1.83 billion and is part of the Services sector and Technical Services industry.
Recent Analyst recommendations
- On 15th October 2020, maintained by Canaccord Genuity at Buy rating, with $ 50.00 target price.
Conference Call
Ameresco, Inc. will be hosting a conference call at 4:30 PM eastern time on 2nd November 2020, to discuss its 3Q20 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.
