Ameresco Sees FY24 Revenue 1.7B-$1.8B Vs $1.64B Estimate; Sees Adj. EPS $1.15-$1.35 Vs $1.36 Estimate
Portfolio Pulse from Benzinga Newsdesk
Ameresco has provided its FY24 guidance, projecting revenue between $1.7 billion and $1.8 billion, which is above the $1.64 billion estimate. However, the company expects adjusted EPS to be between $1.15 and $1.35, which is below the $1.36 estimate.
August 05, 2024 | 9:11 pm
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NEUTRAL IMPACT
Ameresco's FY24 revenue guidance of $1.7B-$1.8B exceeds the $1.64B estimate, but its adjusted EPS guidance of $1.15-$1.35 falls short of the $1.36 estimate.
The higher revenue guidance is a positive indicator for the company's growth, but the lower-than-expected EPS guidance could raise concerns about profitability. This mixed outlook is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100