Ameresco Sees FY24 Adj. EPS $1.30-$1.50 Vs $1.81 Est.; Revenue $1.60B-$1.70B Vs $1.617B Est.
Portfolio Pulse from Benzinga Newsdesk
Ameresco projects its FY24 adjusted EPS to be between $1.30 and $1.50, which is below the estimated $1.81. The company also forecasts revenue to be in the range of $1.60 billion to $1.70 billion, compared to the estimated $1.617 billion.
February 28, 2024 | 9:59 pm
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Ameresco's FY24 adjusted EPS projection is significantly lower than analyst estimates, while revenue forecasts are broadly in line with expectations.
The projected adjusted EPS being significantly lower than the estimated value suggests potential underperformance, which could negatively impact investor sentiment and stock price in the short term. However, the revenue forecast being close to estimates might mitigate some negative impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100