Ameresco Inc (NYSE: AMRC) has reported earnings for its third fiscal quarter (ending September 30) of $0.41 versus $0.53 for the same period a year ago — a decline of -23%. This result fell short of the consensus estimate of $0.46 by $-0.05. E.P.S. were $0.89 for the latest four quarters through September 30 versus $2.03 for the same period a year ago — a decline of -56%.
Recent Price Action
Ameresco Inc (NYSE: AMRC) stock closed at $26.61 on 11/6/23 after a major decline of -10.7%. The stock has declined -2.4% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
AMRC is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Ameresco has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Ameresco has a slightly positive Appreciation Score of 69 and a neutral Power Rating of 45, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this discouraging new earnings information and highly negative price change we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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