We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Ameren (AEE) to Report Q1 Earnings: What's in the Cards?
Read MoreHide Full Article
Ameren Corporation (AEE - Free Report) is scheduled to release first-quarter 2020 results on May 11, after market close. In the last reported quarter, this utility delivered a positive surprise of 22.58%.
Moreover, the company’s earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed in one, the average positive surprise being 7.67%.
Let’s see how things have shaped up prior to this announcement.
Factors to Consider
While some of Ameren’s service territories witnessed normal temperature during the January-March 2020 quarter, a few parts experienced below-normal temperature. Moreover tornados hit some parts of its operational areas, along with hail storms, which might have caused a few outages, hampering smooth flow of electricity for the company’s customers. We expect the results to reflect the impact of these weather conditions.
Moreover favorable rate base outcomes are expected to have boosted its quarterly revenues.
The Zacks Consensus Estimate for quarterly revenues is pegged at $1.58 billion, indicating 1.8% increase from the year-ago quarter’s reported number.
The company is to have incurred notable expenses to restore power in its service areas that were affected by the aforementioned tornados and hail storms. This may have weighed on its bottom-line performance.
The Zacks Consensus Estimate for Ameren’s first-quarter earnings is pegged at 71 cents, suggesting 9% decline from the year-ago quarter reported figure.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for Ameren this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. This is not the case here.
Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
American Electric Power Co., Inc. (AEP - Free Report) reported first-quarter 2020 adjusted earnings per share of $1.02, which missed the Zacks Consensus Estimate of $1.09 by 6.4%.
Public Service Enterprise Group Inc. (PEG - Free Report) reported first-quarter 2020 adjusted operating earnings of $1.03 per share, which came in line with the Zacks Consensus Estimate.
NRG Energy, Inc. (NRG - Free Report) delivered earnings of 55 cents per share from continuing operations in first-quarter 2020, which missed the Zacks Consensus Estimate of 75 cents by 26.6%.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
Image: Bigstock
Ameren (AEE) to Report Q1 Earnings: What's in the Cards?
Ameren Corporation (AEE - Free Report) is scheduled to release first-quarter 2020 results on May 11, after market close. In the last reported quarter, this utility delivered a positive surprise of 22.58%.
Moreover, the company’s earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed in one, the average positive surprise being 7.67%.
Let’s see how things have shaped up prior to this announcement.
Factors to Consider
While some of Ameren’s service territories witnessed normal temperature during the January-March 2020 quarter, a few parts experienced below-normal temperature. Moreover tornados hit some parts of its operational areas, along with hail storms, which might have caused a few outages, hampering smooth flow of electricity for the company’s customers. We expect the results to reflect the impact of these weather conditions.
Ameren Corporation Price and EPS Surprise
Ameren Corporation price-eps-surprise | Ameren Corporation Quote
Moreover favorable rate base outcomes are expected to have boosted its quarterly revenues.
The Zacks Consensus Estimate for quarterly revenues is pegged at $1.58 billion, indicating 1.8% increase from the year-ago quarter’s reported number.
The company is to have incurred notable expenses to restore power in its service areas that were affected by the aforementioned tornados and hail storms. This may have weighed on its bottom-line performance.
The Zacks Consensus Estimate for Ameren’s first-quarter earnings is pegged at 71 cents, suggesting 9% decline from the year-ago quarter reported figure.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for Ameren this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. This is not the case here.
Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Ameren carries a Zacks Rank #3 currently. You can see the complete list of today’s Zacks #1 Rank stocks here.
Recent Utility Releases
American Electric Power Co., Inc. (AEP - Free Report) reported first-quarter 2020 adjusted earnings per share of $1.02, which missed the Zacks Consensus Estimate of $1.09 by 6.4%.
Public Service Enterprise Group Inc. (PEG - Free Report) reported first-quarter 2020 adjusted operating earnings of $1.03 per share, which came in line with the Zacks Consensus Estimate.
NRG Energy, Inc. (NRG - Free Report) delivered earnings of 55 cents per share from continuing operations in first-quarter 2020, which missed the Zacks Consensus Estimate of 75 cents by 26.6%.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>