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AMRC technologies

This film takes a tour around some of the Advanced Manufacturing Research Centre's (AMRC) technologies including robotics for assembly and ...

Ameresco (AMRC) Q2 Earnings and Revenues Beat Estimates

Free Report ) just came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 63.64%. A quarter ago, it was expected that this energy services company would post earnings of $0.04 per share when it actually produced earnings of $0.16, delivering a surprise of 300%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Ameresco, which belongs to the Zacks Electric Construction industry, posted revenues of $196.98 million for the quarter ended June 2018, surpassing the Zacks Consensus Estimate by 5.48%. This compares to year-ago revenues of $166.67 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Rhodes installs composite forming facility at AMRC

As it would be used as a facility to assist a wide range of UK companies to stay at the leading edge of composite development.

The state-of-the-art facility, comprising of a 10,000 kN hydraulic press with six axis loading, high pressure RTM, twin die transfer tables, thermal fluid heating system and die splitter, is capable of a wide range of composite forming including open and closed moulding, Resin Transfer Moulding (RTM), prepreg, compression moulding and thermoplastics. The project attracted funding from the Government’s Advanced Manufacturing Supply Chain Initiative (AMSCI).

“This project has been a huge success as a result of great communication, teamworking and collaboration between our team and the AMRC. We are very proud to have manufactured a composite press that will be used by some of the world’s leading manufacturing companies to develop new technologies,” said Mark Ridgway OBE, CEO of Rhodes Interform.

Rhodes Interform, part of Group Rhodes, based in Wakefield, worked very closely with the AMRC team throughout the design and manufacture phase of the project ensuring that the bespoke equipment was delivered both on time and to the client’s exacting specifications.