AMERESCO Reports Record Second Quarter Earnings for 2023 Fiscal Year
August 15, 2023
🌥️Earnings Overview
AMERESCO ($NYSE:AMRC): Amerseco revealed their financial performance for the second quarter of fiscal 2023, which concluded on June 30th, 2023. Total revenue for the period was USD 327.1 million, representing a 43.4% decline over the same period in the preceding year. Net income was also reported as USD 6.4 million, a decrease by 80.2% compared to the same quarter the previous year.
Stock Price
On Monday, AMERESCO reported a record second quarter earnings for the 2023 fiscal year, with their stock closing at $58.2, up by 1.4% from the previous closing price of 57.4. The results exceed earlier estimates and exceed even the most optimistic expectations of the company’s investors. The gains in the stock price are attributed to the company’s strong performance in its core business, as well as the successful launch of several new products in the quarter. AMERESCO also managed to make significant investments in research and development to further improve its offerings and drive future revenue growth. The strong performance is also indicative of the company’s long-term vision to provide innovative solutions and superior customer service to their clients.
This is especially true in the field of renewable energy and energy efficiency, where AMERESCO has become one of the leading providers in the industry. Overall, the record second quarter earnings reported by AMERESCO demonstrate the company’s commitment to providing a strong return on investment for its shareholders. The positive results are expected to continue into the next quarter as the company continues to invest in new products and services to drive growth and profitability in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ameresco. More…
| Total Revenues | Net Income | Net Margin |
| 1.37k | 52.8 | 3.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ameresco. More…
| Operations | Investing | Financing |
| -64.29 | -475.31 | 529.63 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ameresco. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.04k | 2.12k | 16.16 |
Key Ratios Snapshot
Some of the financial key ratios for Ameresco are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.8% | 17.2% | 6.5% |
| FCF Margin | ROE | ROA |
| -38.6% | 6.7% | 1.8% |
Analysis
At GoodWhale, we have conducted a thorough analysis of AMERESCO‘s wellbeing. After careful review of the available data, we have concluded that AMERESCO is a high risk investment in terms of both financial and business aspects. We have identified four potential risk warnings in AMERESCO’s balance sheet, cashflow statement, non-financial and financial journals. We recommend that potential investors register with us to have a closer look into the risk warnings and determine if investing in AMERESCO is a wise decision. Our team of analysts is always on the lookout for new sources of data to ensure that we are providing our customers with the most up-to-date and accurate information. Register with us now and access the latest industry insights to make sure you are making informed decisions when it comes to investments. 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
Investors should take note of AMERESCO’s second quarter 2023 fiscal year results, showing a 43.4% decrease in total revenue and an 80.2% decrease in net income compared to the same period last year. Despite this, AMERESCO’s business has remained resilient, indicating potential for future growth. Investors should continue to monitor the company’s financials to ensure their investments remain viable. Additionally, AMERESCO has been investing heavily in renewable energy and energy efficiency, which may prove to be a profitable endeavor in the long run.
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