Back to top

Image: Bigstock

Ameren (AEE) to Report Q3 Earnings: What's in the Cards?

Read MoreHide Full Article

Ameren Corporation (AEE - Free Report) is scheduled to release third-quarter 2019 results on Nov 8, before the opening bell. In the last reported quarter, this utility delivered a negative surprise of 4%.
 
Let’s see how things are shaping up prior to this announcement.

Factors to Consider

During majority of the third quarter, Ameren’s service territories experienced above-normal precipitation along with warmer-than-normal temperatures. This might have boosted electricity demand for cooling, which in turn, is expected to have made a positive impact on third-quarter revenues.

The Zacks Consensus Estimate for third-quarter revenues is pegged at $1.75 billion, indicating a 1.6% increase from the year-ago quarter’s reported figure

Due to severe storms and rainfall in the month of September in Illinois, the company is expected to have incurred extra expenses.

The consensus estimate for Ameren’s earnings is pegged at $1.46, suggesting a 2.7% decline from the year-ago quarter’s level.

The company issued two public offerings of mortgage bonds and senior notes in the third quarter. This is likely to have lowered its interest expenses, which the soon-to-be-reported results are expected to reflect.

Earnings Whispers

Our proven model doesn’t conclusively predict an earnings beat for Ameren this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here.

Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Ameren carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.

Ameren Corporation Price and EPS Surprise

 

Ameren Corporation Price and EPS Surprise

Ameren Corporation price-eps-surprise | Ameren Corporation Quote

Stocks to Consider

Here some companies that you may consider from the same sector as these have the right combination of elements to post an earnings beat in the to-be-reported quarter.

South Jersey Industries is set to release third-quarter results on Nov 6. It has an Earnings ESP of +15.85% and a Zacks Rank #3.

Spire Inc. (SR - Free Report) is scheduled to release fiscal fourth-quarter results on Nov 20. It has an Earnings ESP of +2.55% and a Zacks Rank #2.

CenterPoint Energy Inc. (CNP - Free Report) is scheduled to release third-quarter 2019 results on Nov 7. It has an Earnings ESP of +0.12% and a Zacks Rank #3.

Just Released: Zacks’ 7 Best Stocks for Today

Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.5% per year.

These 7 were selected because of their superior potential for immediate breakout.

See these time-sensitive tickers now >>


Unique Zacks Analysis of Your Chosen Ticker


Pick one free report - opportunity may be withdrawn at any time


Ameren Corporation (AEE) - $25 value - yours FREE >>

CenterPoint Energy, Inc. (CNP) - $25 value - yours FREE >>

Spire Inc. (SR) - $25 value - yours FREE >>

Published in