Ameresco Inc. (AMRC: Quote) announced Wednesday a higher fourth-quarter profit of $8.2 million, or $0.18 per share, compared to the prior-year's $7.7 million, or $0.17 per share. Seven analysts polled by Thomson Reuters estimated earnings of $0.19 per share. Analysts' estimates usually exclude special items.
Quarterly revenue went up 5.1 percent to $188.5 million from last year's $179.3 million, thanks to Renewable Energy revenue rising to $55.9 million from $47.6 million. Energy efficiency revenue was $132.6 million this year and $131.8 million a year ago. Six analysts polled by Thomson Reuters estimated revenues of $185.72 million.
Looking ahead, the company forecast 2012 profit between $39.5 million and $42.5 million, on revenues in the range of $800 million to $825 million. Analysts' consensus currently sees 2012 revenues of $793.79 million.
by RTT Staff Writer
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