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 second quarter Zacks Consensus Estimate for earnings of 79 cents per share remained unchanged 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 7.69%.
Zacks Rank: Currently, Ameren Corporation has a Zacks Rank #2 (Buy) but that could change following its second quarter 2018 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 surpassed earnings estimate. The company’s earnings per share came in at 97 cents, compared with the Zacks Consensus Estimate of 79 cents.
Revenues: The company’s reported revenues of $1,563 million, up 1.7% from the year-ago figure.
Key Stats: The company raised its 2018 earnings per share to the range of $3.15–$3.35.
Stock Price: Ameren’s shares gained 0.7% in the pre-market trading session following release of the second quarter quarterly numbers. It would be interesting to see how the market reacts to the 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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