Posted 2/29/2024, 11:25:54 PM
Ameresco Beats Q4 Estimates But 2023 Outlook Falls Short of Expectations
- Ameresco's Q4 revenue and earnings beat analyst estimates, driving a nearly 3% stock price increase
- Revenue grew 33% year-over-year to $441M and adjusted net income doubled to $36.8M
- Growth resulted from executing previously delayed projects
- 2023 guidance is $1.6B-$1.7B revenue and $1.30-$1.50 adjusted EPS
- Revenue guidance matches consensus but earnings guidance trails analyst expectations of $1.82 per share