Ameresco (NYSE:AMRC) Posts Quarterly Earnings Results, Beats Estimates By $0.31 EPS

Ameresco (NYSE:AMRC) announced its quarterly earnings data on Monday. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.31, FiscalAI reports. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. The company had revenue of $580.32 million for the quarter, compared to analysts’ expectations of $572.89 million. During the same quarter in the previous year, the company posted $0.35 EPS. The business’s revenue was up 10.3% compared to the same quarter last year.

Here are the key takeaways from Ameresco’s conference call:

• Q3 revenue rose 10% to $580 million, with growth across projects, energy assets and O&M; gross margin expanded to 18.7% on favorable mix and execution.
• New project awards reached $875 million, and $737 million of awards converted to contracted backlog. Total awarded and contracted backlog grew nearly 40% year over year to almost $7.2 billion, supporting management’s outlook for continued growth.
• Ameresco said demand is strengthening for on-site power and energy-efficiency projects, including data centers, federal customers and commercial and industrial clients. Data-center awarded backlog expanded by about $200 million, though projects still face permitting, contracting and equipment milestones.
• Recurring businesses continued to grow: energy-asset revenue increased 21% to $75 million, while O&M revenue rose 20% to $37 million and O&M backlog exceeded $1.5 billion.
• Reported earnings included a large tax benefit from a planned accounting-policy change, while revised non-GAAP results now consolidate 100% of certain joint ventures. On a basis excluding that full JV consolidation, Q3 non-GAAP EPS was $0.60 and adjusted EBITDA was $78 million, versus reported figures of $0.88 and $92 million.

Ameresco Price Performance

NYSE AMRC opened at $22.48 on Tuesday. The company has a 50 day simple moving average of $21.46 and a 200-day simple moving average of $26.20. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.67 and a quick ratio of 1.66. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 43.23, a price-to-earnings-growth ratio of 1.58 and a beta of 2.50. Ameresco has a 52-week low of $18.09 and a 52-week high of $37.14.

Insider Activity at Ameresco

In related news, Director Joseph W. Sutton bought 9,700 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was bought at an average price of $20.87 per share, with a total value of $202,439.00. Following the purchase, the director directly owned 80,246 shares of the company’s stock, valued at approximately $1,674,734.02. This represents a 13.75% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Brian C. Cox purchased 4,625 shares of the stock in a transaction dated Friday, August 21st. The shares were bought at an average price of $21.64 per share, for a total transaction of $100,085.00. Following the completion of the acquisition, the director owned 44,325 shares in the company, valued at $959,193. This represents a 11.65% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 29,325 shares of company stock valued at $628,664. Company insiders own 45.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AMRC. Cantor Fitzgerald reduced their target price on shares of Ameresco from $44.00 to $36.00 and set an “overweight” rating for the company in a report on Thursday, August 27th. Oppenheimer restated a “market perform” rating on shares of Ameresco in a report on Tuesday, August 4th. Zacks Research lowered Ameresco from a “hold” rating to a “strong sell” rating in a research report on Monday, October 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Ameresco in a report on Tuesday, November 3rd. Finally, BNP Paribas Exane upgraded Ameresco from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $34.00 to $40.00 in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $41.00.

Trending Headlines about Ameresco

Here are the key news stories impacting Ameresco this week:

• Positive Sentiment: Ameresco posted third-quarter earnings of $0.88 per share, above estimates of approximately $0.57–$0.59 and up from $0.35 a year earlier. Ameresco Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Revenue was $580.3 million, exceeding the roughly $572.9 million consensus and rising 10.3% year over year. Ameresco Reports Third Quarter 2026 Financial Results
• Positive Sentiment: A report highlighted a record $7.15 billion backlog, which may support future project activity and revenue visibility. Ameresco Q3 2026: Record $7.15B Backlog Signals Real Growth
• Negative Sentiment: Despite the earnings beat, the provided results show a thin net margin of 1.4%, a factor investors may weigh when assessing how much of the revenue growth translates into lasting profitability.

About Ameresco

Ameresco, Inc is a clean-energy and energy-efficiency company that develops, designs, builds, and operates projects for public- and private-sector customers. Its clients include federal, state and local government agencies, schools, healthcare organizations, utilities, and commercial and industrial businesses.

The company’s services include improving the energy performance of buildings and infrastructure, developing renewable-energy projects, and providing distributed energy systems, microgrids, energy storage, and related operations and maintenance.