AMERESCO Reports Fourth Quarter Earnings Results for Fiscal Year 2022

Earnings report

On December 31 2022, AMERESCO ($NYSE:AMRC) released their fiscal year 2022 fourth quarter earnings results. From the same period the previous year ending February 27 2023, total revenue decreased 36.4%, amounting to USD 17.9 million. Net income was USD 331.7 million, which was 20.2% lower than the year before. AMERESCO’s financial results demonstrate continued challenges in the current economic environment and highlight the need for further thorough analysis when making important decisions in the coming fiscal year.

Despite the significant decrease in revenue and net income year-over-year, AMERESCO remains optimistic about the future and is committed to developing innovative solutions to improve their financial performance. Moving forward, AMERESCO plans to implement new strategies to increase efficiency and will continue to maintain their top-tier customer service to provide the best possible experience for all of their customers.

Market Price

Stock opened at $51.0, representing a 3.1% increase from their previous closing price of $50.2. The stock closed at $51.8, providing investors a boost of confidence in the company’s results. The fourth quarter earnings report was the latest in a series of financially positive announcements for AMERESCO, showing that the company was continuing to move in the right direction. Despite recent market volatility, their stock has managed to remain relatively stable throughout their fiscal year, representing an increase in investor confidence in their performance.

AMERESCO’s fourth quarter earnings report was just the start of what is expected to be a promising financial outlook for the company. With their bright outlook and consistent reporting, investors are likely to be optimistic about their growth potential in the coming years. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Ameresco. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Ameresco. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Ameresco. More…

Key Ratios Snapshot

Some of the financial key ratios for Ameresco are shown below. More…

Analysis

A t G o o d W h a l e , w e h a v e c o n d u c t e d a t h o r o u g h r e v i e w o f A M E R E S C O ‘ s f i n a n c e s . O u r a n a l y s i s h a s l e d u s t o c o n c l u d e t h a t A M E R E S C O i s a h i g h r i s k i n v e s t m e n t i n t e r m s o f b o t h f i n a n c i a l a n d b u s i n e s s a s p e c t s . W i t h o u r R i s k R a t i n g f e a t u r e , u s e r s c a n b e s u r e t o b e i n f o r m e d o f t h e r i s k s a s s o c i a t e d w i t h i n v e s t i n g i n A M E R E S C O . I n a d d i t i o n t o t h e R i s k R a t i n g , w e h a v e a l s o d e t e c t e d 4 r i s k w a r n i n g s i n A M E R E S C O ’ s b a l a n c e s h e e t , c a s h f l o w s t a t e m e n t a n d n o n – f i n a n c i a l a n d f i n a n c i a l j o u r n a l . T o g a i n m o r e i n s i g h t i n t o t h e s e r i s k s , u s e r s m u s t b e c o m e a r e g i s t e r e d G o o d W h a l e u s e r . O n c e r e g i s t e r e d , u s e r s w i l l h a v e a c c e s s t o o u r d e t a i l e d a n a l y s i s o f A M E R E S C O ’ s f i n a n c i a l r i s k. More…

Peers

The company offers a comprehensive range of services, including energy efficiency, renewable energy, distributed generation, demand response, and energy storage. Ameresco has a strong track record of delivering successful projects for government, commercial, and industrial customers. Ameresco’s competitors include Samaiden Group Bhd, Captain Polyplast Ltd, and Trendsetter Solar Products Inc. These companies are also leaders in the energy efficiency and renewable energy industries. Each company has a unique set of offerings, and each is striving to be the best in the business.

– Samaiden Group Bhd ($KLSE:0223)

Samaiden Group Bhd is a Malaysian conglomerate with a market capitalization of 296.45 million as of 2022. The company’s return on equity is 12.46%. Samaiden Group Bhd is involved in a wide range of businesses, including construction, engineering, real estate, and healthcare.

– Captain Polyplast Ltd ($BSE:536974)

Polyplast Ltd is a publicly traded company with a market capitalization of $785.91 million as of 2022. The company has a return on equity of 11.43%. Polyplast Ltd is engaged in the manufacture and sale of plastic products. The company’s products include pipes, fittings, and sheets. Polyplast Ltd is headquartered in India.

Summary

2 % l o w e r t h a n t h e y e a r b e f o r e , a t U S D 3 3 1 . D e s p i t e t h a t , t h e c o m p a n y ‘ s s t o c k p r i c e m o v e d u p , l i k e l y d u e t o i n v e s t o r s e x p e c t i n g t h e c o m p a n y t o m a k e a r e c o v e r y i n t h e f u t u r e . A M E R E S C O h a s r e p o r t e d c o n s i s t e n t l y h i g h r e v e n u e f o r t h e p a s t f e w q u a r t e r s a n d i t s c u s t o m e r b a s e c o n t i n u e s t o g r o w , p r e s e n t i n g a t t r a c t i v e i n v e s t m e n t p r o s p e c t s f o r b u y e r s.