Ameresco Reaffirms Guidance
Portfolio Pulse from Benzinga Newsdesk
Ameresco, identified by its ticker AMRC, has reaffirmed its financial guidance for FY 2024, projecting revenues between $1.60 billion and $1.70 billion, gross margins between 17.5% and 18.5%, adjusted EBITDA of $210 million to $240 million, interest expenses and other costs between $60 million and $65 million, and non-GAAP EPS between $1.30 and $1.50.
May 07, 2024 | 10:11 pm
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POSITIVE IMPACT
Ameresco reaffirms its FY 2024 financial guidance, indicating strong future performance with expected revenue between $1.60 billion and $1.70 billion, and non-GAAP EPS between $1.30 and $1.50.
Reaffirming guidance often signals to investors that a company is on track to meet or exceed its financial targets, which can positively influence investor sentiment and potentially lead to an increase in stock price. Given the specific and optimistic financial targets provided by Ameresco, this reaffirmation could be seen as a strong indicator of confidence in the company's operational and financial health.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100