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Ameresco: 2Q Earnings Snapshot

August 8, 2019

FRAMINGHAM, Mass. (AP) _ Ameresco (AMRC) on Thursday reported second-quarter earnings of $9.2 million.

The Framingham, Massachusetts-based company said it had profit of 19 cents per share. Earnings, adjusted for non-recurring gains, came to 18 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.

The energy services company posted revenue of $198.2 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $197.6 million.

Ameresco expects full-year earnings to be 77 cents to 85 cents per share, with revenue in the range of $845 million to $885 million.

Ameresco shares have decreased 6% since the beginning of the year. The stock has fallen slightly more than 8% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMRC at https://www.zacks.com/ap/AMRC

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