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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) Surpasses Q3 Earnings Estimates

Free Report ) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 53.33%. A quarter ago, it was expected that this energy services company would post earnings of $0.11 per share when it actually produced earnings of $0.18, delivering a surprise of 63.64%.

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

Ameresco, which belongs to the Zacks Alternative Energy - Other industry, posted revenues of $205.38 million for the quarter ended September 2018, missing the Zacks Consensus Estimate by 1.07%. This compares to year-ago revenues of $204.74 million. The company has topped consensus revenue estimates three 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.

Ameresco (AMRC) Tops Q3 EPS by 7c, Revenues Miss; Boosts FY18 EPS Guidance Mid-Point Above Consensus ...

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Ameresco (NYSE: AMRC ) reported Q3 EPS of $0.23, $0.07 better than the analyst estimate of $0.16. Revenue for the quarter came in at $205.4 million versus the consensus estimate of $208.4 million.

Revenues of $205.4 million, up 0.3%, year to date of $569.8 million, up 13% Net income attributable to common shareholders of $10.7 million, up 26%, year to date of $26.4 million, up 93% Net income per diluted share of $0.23, up 21% Adjusted EBITDA of $25.6 million, up 23%, year to date of $62.8 million, up 49% Non-GAAP EPS of $0.23, up 28%, year to date of $0.58, up 107% Project backlog of $2.0 billion, up 18%, and record high contracted backlog of $819.4 million, up 30% Added 23MWe and 84MWe, quarter and year to date, of assets to our development pipeline

“We had another strong quarter and continued to build momentum in our business. Gross margin improved materially and profit growth was outstanding,” said George P. Sakellaris, President and Chief Executive Officer of Ameresco. “Our recurring revenue streams, particularly energy sales, drove the margin performance and offset the natural variability in project revenue. Visibility improved yet again, with project backlog growing to over $2 billion and asset development backlog growing to 133MWe. The project business continues to benefit from the trend to larger and more complex projects, which plays to our strength in design, engineering and management. The solid financial performance and growing backlog this quarter reinforces our optimistic outlook for the rest of 2018 and beyond.”