Ameren Corporation (AEE - Free Report) is set to release fourth-quarter 2017 results on Feb 16, before the market opens.
Last quarter, the utility reported a negative earnings surprise of 5.34%. Moreover, it lagged the Zacks Consensus Estimate in two of the last four quarters, with an average miss of 1.05%.
Let’s see how things are shaping up at the company prior to this announcement.
Factors at Play
Per Ameren’s third-quarter earnings call, fourth-quarter 2017 earnings are expected to be impacted by expenses associated with the fourth quarter Callaway nuclear refueling and maintenance outage.
However, the company’s earnings are likely to increase on the back of strong rate-based growth and disciplined financial management. In line with this, the Zacks Consensus Estimate for Ameren’s fourth-quarter earnings of 33 cents per share reflects an annual growth of 153.9%.
Moreover, we expect the company’s yet-to-be reported quarter’s result to duly reflect the increase in revenue recognition, resulting from the Future Energy Jobs Act. Also the company expects to incur low interest expenses driven by the refinancing of debt in 2017, which is likely to get reflected in the upcoming results, partially.
Further, the company’s service territories witnessed almost normal temperatures during the fourth quarter. So we may expect weather condition to have a positive influence on the company’s revenues.
Ameren Corporation Price and EPS Surprise