(AEE - Free Report
) is scheduled to release first-quarter 2019 results before the opening bell on May 9. In the last reported quarter, this utility delivered a negative earnings surprise of 12.50%. However, it outpaced estimates in three of the trailing four quarters, the average being 8.59%.
Let’s see how things are shaping up prior to this announcement.
Why a Likely Positive Surprise?
Our proven model shows that Ameren is likely to beat on earnings in the first quarter. This is because a stock needs to have both — a positive Earnings ESP
and a favorable Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — for this to happen.
: Ameren has an Earnings ESP of +3.70%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter
Zacks Rank: The company currently carries a Zacks Rank #3, which increases the predictive power of ESP.
Conversely, we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated) going into an earnings announcement, especially when the company is seeing negative estimate revisions.
Ameren Corporation Price and EPS Surprise
Recent Utility Releases
NextEra Energy, Inc. (NEE - Free Report
) , which carries a Zacks Rank #3, reported first-quarter 2019 adjusted earnings of $2.20 per share, beating the Zacks Consensus Estimate of $2.01 by 9.4%.
DTE Energy Company (DTE - Free Report
) , which carries a Zacks Rank #2, reported first-quarter 2019 operating earnings per share (EPS) of $2.05, which exceeded the Zacks Consensus Estimate of $1.95 by 5.1%.
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