Needham & Company Maintains a 'Hold' on Ameresco (AMRC); Higher Backlog, But Higher Expenses
Tweet
Share
E-mailGet Alerts AMRC Hot Sheet
Price: $27.90 +0.40%
Rating Summary:
15 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
15 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Needham & Company maintains a 'Hold' on Ameresco (NYSE: AMRC).
Analyst, Michael Lew, said, "The improvement in the 1Q12 backlog level reflects increased activity in the federal markets. This drove higher operating expenses and led to an earnings shortfall, which offset better than anticipated revenues. The outlook suggests a more pronounced backend loaded year of improving financial performance. We believe the increasing focus on energy efficiency clearly favors Ameresco, which is an established domestic market leader. However, we are taking a conservative stance at this time and would wait for additional signs of a pickup in demand before becoming potentially more positive on AMRC shares."
However, Needham lowers FY12 EPS estimates from $0.84 to $0.80 and cuts FY13 also by $0.04 to $0.96.
For an analyst ratings summary and ratings history on Ameresco click here. For more ratings news on Ameresco click here.
Shares of Ameresco closed at $11.80 yesterday.
Analyst, Michael Lew, said, "The improvement in the 1Q12 backlog level reflects increased activity in the federal markets. This drove higher operating expenses and led to an earnings shortfall, which offset better than anticipated revenues. The outlook suggests a more pronounced backend loaded year of improving financial performance. We believe the increasing focus on energy efficiency clearly favors Ameresco, which is an established domestic market leader. However, we are taking a conservative stance at this time and would wait for additional signs of a pickup in demand before becoming potentially more positive on AMRC shares."
However, Needham lowers FY12 EPS estimates from $0.84 to $0.80 and cuts FY13 also by $0.04 to $0.96.
For an analyst ratings summary and ratings history on Ameresco click here. For more ratings news on Ameresco click here.
Shares of Ameresco closed at $11.80 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery
- Newton Golf Company (NWTG) Reports Q2 Loss of $0.49
- Optimum Communications gets NYSE non-compliance notice over stock price
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
Needham & Company, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
