Energy and renewable energy projects company Ameresco (NYSE:AMRC) will be reporting results tomorrow after the bell. Here’s what to look for.

Ameresco beat analysts’ revenue expectations by 16.4% last quarter, reporting revenues of $438 million, up 33.9% year on year. It was a slower quarter for the company, with underwhelming earnings guidance for the full year and a miss of analysts’ operating margin estimates.

Is Ameresco a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Ameresco’s revenue to grow 45.2% year on year to $486.5 million, a reversal from the 24.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.53 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Ameresco has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Ameresco’s peers in the construction and engineering segment, some have already reported their Q3 results, giving us a hint as to what we can expect. FTAI Infrastructure delivered year-on-year revenue growth of 3.2%, missing analysts’ expectations by 11.7%, and Great Lakes Dredge & Dock reported revenues up 63.1%, topping estimates by 3.5%. FTAI Infrastructure traded down 5.6% following the results.

Read our full analysis of FTAI Infrastructure’s results here and Great Lakes Dredge & Dock’s results here.

There has been positive sentiment among investors in the construction and engineering segment, with share prices up 2.7% on average over the last month. Ameresco is up 5.5% during the same time and is heading into earnings with an average analyst price target of $38.09 (compared to the current share price of $35.40).

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