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Ameren Corporation (AEE) Beats on Q3 Earnings Estimates
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Ameren Corporation (AEE - Free Report) is a utility company, which generates and distributes electricity and natural gas to residential, commercial, industrial and wholesale end markets in Missouri and Illinois. This St. Louis-based company has been concentrating on its rate-regulated utilities following its exit from the merchant generation business.
However, the company is subject to volatile commodity prices and stringent environmental regulations, which could negatively impact its margins.
Estimate Trend & Surprise History
Investors should note that the third quarter Zacks Consensus Estimate for earnings of $1.38 per share has increased by 2 cents over the last 30 days.
Coming to the earnings surprise, Ameren Corporation has surpassed the Zacks Consensus Estimate in three of the last four quarters, which have resulted in a negative average surprise of 1.43%.
Check back later for our full write up on this AEE earnings report later!
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Ameren Corporation (AEE) Beats on Q3 Earnings Estimates
Ameren Corporation (AEE - Free Report) is a utility company, which generates and distributes electricity and natural gas to residential, commercial, industrial and wholesale end markets in Missouri and Illinois. This St. Louis-based company has been concentrating on its rate-regulated utilities following its exit from the merchant generation business.
However, the company is subject to volatile commodity prices and stringent environmental regulations, which could negatively impact its margins.
Estimate Trend & Surprise History
Investors should note that the third quarter Zacks Consensus Estimate for earnings of $1.38 per share has increased by 2 cents over the last 30 days.
Coming to the earnings surprise, Ameren Corporation has surpassed the Zacks Consensus Estimate in three of the last four quarters, which have resulted in a negative average surprise of 1.43%.
Zacks Rank: Currently, Ameren Corporation has a Zacks Rank #3 (Hold) but that could change following its third quarter 2016 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Ameren Corporation surpassed earnings estimate. Earnings per share came in at $1.52, beating the Zacks Consensus Estimate of $1.38 by 10.1%.
Revenues: The company’s reported revenues of $1,859, up 1.4% from the year-ago figure.
Key Stats: Total electric sales in the reported quarter increased by nearly 0.3% year over year to 21,398 million kilowatthours.
Stock Price: It would be interesting to see how the market reacts to the third quarter earnings beat during the trading session today.
AMEREN CORP Price and EPS Surprise
AMEREN CORP Price and EPS Surprise | AMEREN CORP Quote
Check back later for our full write up on this AEE earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>