Ameresco Q2 2024 Adj. EPS $0.10 Misses $0.25 Estimate, Sales $437.982M Beat $378.786M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ameresco (NYSE:AMRC) reported Q2 2024 earnings per share of $0.10, missing the analyst consensus estimate of $0.25 by 60%. However, the company reported sales of $437.982 million, beating the estimate of $378.786 million by 15.63% and marking a 33.91% increase from the same period last year.
August 05, 2024 | 8:44 pm
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NEUTRAL IMPACT
Ameresco's Q2 2024 earnings per share missed estimates by 60%, but sales beat expectations by 15.63%, showing a 33.91% YoY increase.
The significant miss on EPS is a negative indicator, but the strong sales performance and YoY growth provide a positive counterbalance. The mixed results are likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100