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Ameren (AEE) to Report Q4 Earnings: What's in the Cards?
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Ameren Corporation (AEE - Free Report) is slated to report its fourth-quarter and full-year 2022 results on Feb 16 after market close.
In the last reported quarter, the company delivered an earnings surprise of 1.16%. In the trailing four quarters, the company delivered a negative average earnings surprise of 0.76%.
Factors to Note
In the fourth quarter, Ameren’s operational regions witnessed a mixed weather condition accompanied by drier-than-normal precipitation. Such weather patterns are expected to have generated a mixed impact on the company’s fourth-quarter revenues.
Moreover, strong rate-based growth plans being supported by strategic infrastructure investments across all its business segments might have added impetus to AEE’s overall fourth-quarter revenues. The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $1.60 billion, suggesting growth of 3.5% from the year-ago quarter.
From the cost perspective, increased operations and maintenance expenses, mainly due to unfavorable market returns, might have dented the bottom line of the company in the soon-to-be-reported quarter. However, solid revenue growth and favorable returns from investments in infrastructure might have contributed to overall fourth-quarter earnings.
The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 56 cents per share, indicating an improvement of 16.7% from the prior-year reported figure.
Our proven model does not conclusively predict an earnings beat for Ameren this time. 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, which is not the case here.
Earnings ESP: AEE’s Earnings ESP is -0.71%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Here are three utility stocks you may want to consider as these have the right combination of elements to post an earnings beat this season:
Entergy (ETR - Free Report) has an Earnings ESP of +3.30% and a Zacks Rank #3. The Zacks Consensus Estimate for its fourth-quarter earnings, pegged at 46 cents per share, implies a decline of 39.5% from the prior-year quarter’s tally.
ETR has a four-quarter earnings surprise of 8.99%. The long-term earnings growth rate of Entergy is pegged at 6%.
NiSource (NI - Free Report) has an Earnings ESP of +1.03% and a Zacks Rank #2. The Zacks Consensus Estimate for its fourth-quarter earnings, pegged at 49 cents per share, suggests growth of 25.6% from the prior-year quarter’s tally.
The Zacks Consensus Estimate for NII’s fourth-quarter sales implies a growth rate of 10.4% from the prior-year quarter figure. NiSource has a four-quarter earnings surprise of 0.33%.
Public Service Enterprise Group (PEG - Free Report) has an Earnings ESP of +2.38% and a Zacks Rank #3. The Zacks Consensus Estimate for its fourth-quarter earnings, pegged at 63 cents per share, suggests a decline of 8.7% from the prior-year quarter’s tally.
PEG delivered an earnings surprise of 2.38% in the last reported quarter. It has a four-quarter earnings surprise of 5.53%.
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Ameren (AEE) to Report Q4 Earnings: What's in the Cards?
Ameren Corporation (AEE - Free Report) is slated to report its fourth-quarter and full-year 2022 results on Feb 16 after market close.
In the last reported quarter, the company delivered an earnings surprise of 1.16%. In the trailing four quarters, the company delivered a negative average earnings surprise of 0.76%.
Factors to Note
In the fourth quarter, Ameren’s operational regions witnessed a mixed weather condition accompanied by drier-than-normal precipitation. Such weather patterns are expected to have generated a mixed impact on the company’s fourth-quarter revenues.
Moreover, strong rate-based growth plans being supported by strategic infrastructure investments across all its business segments might have added impetus to AEE’s overall fourth-quarter revenues. The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $1.60 billion, suggesting growth of 3.5% from the year-ago quarter.
From the cost perspective, increased operations and maintenance expenses, mainly due to unfavorable market returns, might have dented the bottom line of the company in the soon-to-be-reported quarter. However, solid revenue growth and favorable returns from investments in infrastructure might have contributed to overall fourth-quarter earnings.
The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 56 cents per share, indicating an improvement of 16.7% from the prior-year reported figure.
Ameren Corporation Price and EPS Surprise
Ameren Corporation price-eps-surprise | Ameren Corporation Quote
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for Ameren this time. 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, which is not the case here.
Earnings ESP: AEE’s Earnings ESP is -0.71%. 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.
Stocks to Consider
Here are three utility stocks you may want to consider as these have the right combination of elements to post an earnings beat this season:
Entergy (ETR - Free Report) has an Earnings ESP of +3.30% and a Zacks Rank #3. The Zacks Consensus Estimate for its fourth-quarter earnings, pegged at 46 cents per share, implies a decline of 39.5% from the prior-year quarter’s tally.
ETR has a four-quarter earnings surprise of 8.99%. The long-term earnings growth rate of Entergy is pegged at 6%.
NiSource (NI - Free Report) has an Earnings ESP of +1.03% and a Zacks Rank #2. The Zacks Consensus Estimate for its fourth-quarter earnings, pegged at 49 cents per share, suggests growth of 25.6% from the prior-year quarter’s tally.
The Zacks Consensus Estimate for NII’s fourth-quarter sales implies a growth rate of 10.4% from the prior-year quarter figure. NiSource has a four-quarter earnings surprise of 0.33%.
Public Service Enterprise Group (PEG - Free Report) has an Earnings ESP of +2.38% and a Zacks Rank #3. The Zacks Consensus Estimate for its fourth-quarter earnings, pegged at 63 cents per share, suggests a decline of 8.7% from the prior-year quarter’s tally.
PEG delivered an earnings surprise of 2.38% in the last reported quarter. It has a four-quarter earnings surprise of 5.53%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.