Benzinga | Nov 2, 2020 05:10PM EST

Recap: Ameresco Q3 Earnings

Shares of Ameresco (NYSE:AMRC) moved higher by 3.4% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 111.11% year over year to $0.38, which beat the estimate of $0.25.

Revenue of $282,507,000 higher by 33.24% from the same period last year, which beat the estimate of $247,120,000.

Outlook

Ameresco Sees FY20 Adj. EPS $0.94-$1.00 vs $0.92 Est., Sales $960M-$1B vs $954.42M Est.

Conference Call Details

Date: Nov 02, 2020

Time: 04:30 PM

ET Webcast URL: https://ir.ameresco.com/news-events/ir-calendar/detail/3737/q3-2020-financial-results-conference-call

Price Action

Company's 52-week high was at $46.81

Company's 52-week low was at $13.38

Price action over last quarter: Up 29.46%

Company Description

Ameresco Inc provides energy efficiency solutions for facilities in North America and Europe. It focuses on projects that reduce the energy, also focuses on the operation and maintenance costs of governmental, educational, utility, healthcare, and other institutional, commercial, and industrial entities facilities. Ameresco distributes solar energy products and systems, such as PV panels, solar regulators, solar charge controllers, inverters, solar-powered lighting systems, solar-powered water pumps, solar panel mounting hardware, and other system components. The group derives revenue from long-term O&M contracts, energy supply contracts for renewable energy; integrated-PV and through consulting and enterprise energy management services.