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Ameren (AEE) Tops Q1 Earnings Estimates, Revenues 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 first quarter Zacks Consensus Estimate for earnings of 70 cents 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 8.59%.

Zacks Rank: Currently, Ameren Corporation has a Zacks Rank #4 (Sell) but that could change following its first quarter 2019 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

Ameren Corporation Price and EPS Surprise

We have highlighted some of the key details from the just-released announcement below:

Earnings: Ameren Corporation surpasses earnings estimate. Earnings per share came in at 78 cents, compared with the Zacks Consensus Estimate of 70 cents.

Revenues: The company’s reported revenues of $1,556 million, declined 1.8% from the year-ago figure.

Key Stats: Ameren’s total electricity sales volumes declined 3.3% to 19,217 million kilowatt hours (kWh) compared with 19,869 million kWh in the year-ago quarter. However, gas volumes expanded 6.5% to 82 million dekatherms.

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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