The 10-second takeaway
For the quarter ended March 31 (Q1), Ameresco whiffed on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly. GAAP earnings per share shrank to a loss.
Margins dropped across the board.
Ameresco booked revenue of $110.1 million. The four analysts polled by S&P Capital IQ expected revenue of $125.4 million on the same basis. GAAP reported sales were 25% lower than the prior-year quarter's $146.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.04. The three earnings estimates compiled by S&P Capital IQ forecast $0.02 per share. GAAP EPS were -$0.04 for Q1 versus $0.03 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 19.5%, 40 basis points worse than the prior-year quarter. Operating margin was -1.9%, 420 basis points worse than the prior-year quarter. Net margin was -1.7%, 270 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $127.5 million. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $632.2 million. The average EPS estimate is $0.40.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 423 members out of 433 rating the stock outperform, and 10 members rating it underperform. Among 80 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 80 give Ameresco a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ameresco is outperform, with an average price target of $9.17.
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