Ameresco's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Ameresco (NYSE:AMRC) is scheduled to release its quarterly earnings report on February 28, 2024, with analysts expecting an EPS of $0.57. The company's past earnings performance shows a mixed record of beating and missing EPS estimates, leading to significant stock price movements. Ameresco's stock has declined 57.06% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders. Investors will be closely watching for not only the earnings results but also the company's guidance for future growth.
February 27, 2024 | 8:01 pm
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Ameresco is expected to report an EPS of $0.57 for the upcoming quarter. Historical performance indicates significant stock price movements post-earnings announcements. With a 57.06% decline over the past year, investor sentiment is bearish.
Given Ameresco's mixed history of beating and missing EPS estimates and the significant stock price movements that followed, the upcoming earnings report could maintain the current stock volatility. However, the long-term bearish trend and the 57.06% decline over the past year suggest that investor sentiment is already quite negative, potentially limiting the downside risk. The company's guidance for future growth will be crucial in determining short-term stock movement.
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IMPORTANCE 90
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