For its second fiscal quarter (ending June 30), Ameresco Inc (NYSE: AMRC) has reported a -17% decline in E.P.S. from $0.12 a year ago to $0.10 in the current quarter. This performance was $-0.16 short of the consensus estimate of $0.26. For the latest four quarters through June 30, E.P.S. were $1.10 versus $1.01 for the same period a year ago — an increase of 9%.
Recent Price Action
Ameresco Inc (NYSE: AMRC) stock declined by -2.0% on 8/5/24. The shares closed at $26.85. Moreover, trading volume in this decline was unusually high at 155% of normal. Relative to the market the stock has been strong over the last nine months but has declined -13.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, AMRC is expected to continue to be a modest Value Builder.
Ameresco has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Ameresco has a slightly positive Power Rating of 64 and a slightly positive Appreciation Score of 69, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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