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Ameresco (AMRC)
NYSE:AMRC
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.23Last Year’s EPS
-0.1Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -47.74%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Neutral
Ameresco reported strong revenue and adjusted EBITDA growth, with record project backlog and successful expansion into Europe. However, significant challenges were encountered with legacy projects and federal contracting delays, impacting gross margins and causing financial strain. Despite these issues, the company remains optimistic about its diversified and resilient business model.Company Guidance
During Ameresco's fourth-quarter and full-year 2024 earnings call, the company reported strong financial performance, including annual revenue and adjusted EBITDA growth of 29% and 38%, respectively. They highlighted a record project backlog, with a 92% increase in contracted backlog year-over-year, reaching $4.8 billion, and a record 241 megawatts of energy assets placed in operation. For the fourth quarter, revenue grew by 21%, and adjusted EBITDA increased by 59%, driven by robust performance in projects and energy asset businesses and the successful sale of their non-core AEG business. Despite challenges from two large legacy projects impacting results, Ameresco's strategic focus on execution, backlog growth, and geographical expansion into Europe, which generated over $250 million in 2024, supports a resilient business model. The guidance for 2025 anticipates revenue of $1.9 billion and adjusted EBITDA of $235 million, with expected placements of 100 to 120 megawatts of energy assets and continued demand from federal agency customers amidst policy changes.Strong Revenue and Adjusted EBITDA Growth
Ameresco ended 2024 with annual revenue growth of 29% and adjusted EBITDA growth of 38%. The fourth quarter results showed 21% revenue growth and 59% adjusted EBITDA growth.
Record Project Backlog and Energy Assets
The contracted backlog increased by 92% year-over-year with a record $1.1 billion in conversions. Total project backlog grew by 24% to $4.8 billion. Additionally, 31 megawatts of energy assets were brought into operation, totaling 241 megawatts for the year.
Successful Sale of Non-core AEG Business
The sale of the non-core AEG business contributed to the quarter's results, resulting in a gain of approximately $38 million.
European Expansion Success
Ameresco's revenue from its expanding European business exceeded $250 million in 2024.
Positive Financial Performance Metrics
Operating income increased by 31%, and net income attributable to common shareholders grew by 15%.
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AMRC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AMRC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $18.33 | $11.80 | -35.62% |
| Nov 07, 2024 | $31.64 | $26.48 | -16.31% |
| Aug 05, 2024 | $26.85 | $28.73 | +7.00% |
| May 07, 2024 | $22.24 | $26.94 | +21.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ameresco (AMRC) report earnings?
Ameresco (AMRC) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Ameresco (AMRC) earnings time?
Ameresco (AMRC) earnings time is at May 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AMRC EPS forecast?
AMRC EPS forecast for the fiscal quarter 2025 (Q1) is -0.23.
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