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Ameren (AEE) Misses Q3 Earnings Estimates, Sales Down Y/Y
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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 $1.31 per share has remained stable over the last seven 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 positive average surprise of 2.83%.
Zacks Rank: Currently, Ameren Corporation has a Zacks Rank #4 (Sell) but that could change following its third quarter 2017 earnings report which has just released.
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 $1.24, compared with the Zacks Consensus Estimate of $1.31.
Revenues: The company’s reported revenues of $1,723, down 7.3% from the year-ago figure.
Key Stats: Total electric sales in the reported quarter declined 1.8% year over year to 21,009 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.
Check back later for our full write up on this AEE earnings report later!
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Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
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Ameren (AEE) Misses Q3 Earnings Estimates, Sales Down Y/Y
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 $1.31 per share has remained stable over the last seven 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 positive average surprise of 2.83%.
Zacks Rank: Currently, Ameren Corporation has a Zacks Rank #4 (Sell) but that could change following its third quarter 2017 earnings report which has just released.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Ameren Corporation Price and EPS Surprise
Ameren Corporation Price and EPS Surprise | Ameren Corporation Quote
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 $1.24, compared with the Zacks Consensus Estimate of $1.31.
Revenues: The company’s reported revenues of $1,723, down 7.3% from the year-ago figure.
Key Stats: Total electric sales in the reported quarter declined 1.8% year over year to 21,009 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.
Check back later for our full write up on this AEE earnings report later!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>