Ameren Corporation (AEE) Misses on Q4 Earnings Estimates

AEE

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 fourth quarter Zacks Consensus Estimate for earnings of 15 cents per share has remained stable over the last 7 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 0.81%.

Zacks Rank: Currently, Ameren Corporation has a Zacks Rank #3 (Hold) but that could change following its fourth 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 missed earnings estimate. Earnings per share came in at 13 cents, missing the Zacks Consensus Estimate of 15 cents by 13.3%.

Revenues: The company’s reported revenues of $1,095, up 0.7% from the year-ago figure.

Key Stats: Total electric sales in the reported quarter increased by nearly 0.3% year over year to 18,235 million kilowatthours

Stock Price: It would be interesting to see how the market reacts to the fourth quarter earnings miss during the trading session today.

Check back later for our full write up on this AEE earnings report later!

Just Released – Driverless Cars: Your Roadmap to Mega-Profits Today

In this latest Special Report, Zacks’ Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making – autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>

Zacks Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>