Ameresco Earnings: Here’s Why Investors are Not Happy Now

Ameresco, Inc. (NYSE:AMRC) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 9.45%.

Ameresco, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.04 in the quarter versus EPS of $0.11 in the year-earlier quarter.

Revenue: Decreased 23.03% to $126.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Ameresco, Inc. reported adjusted EPS loss of $0.04 per share. By that measure, the company missed the mean analyst estimate of $0.01. It missed the average revenue estimate of $127 million.

Quoting Management: “Revenue below our expectations negatively impacted profitability for the quarter,” stated George P. Sakellaris, President and Chief Executive Officer of Ameresco. “We remain focused on delivering stronger results for the second half of 2013. Based upon current performance and visibility into the second half, we are expecting to return to revenue growth and profitability in the third and fourth quarters.”

Key Stats (on next page)…

Revenue increased 14.67% from $110.14 million in the previous quarter. EPS were the same at $-0.04 in the quarter as EPS of $-0.04 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.19 to a profit $0.18. For the current year, the average estimate is a profit of $0.40, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]