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Ameren Corp (AEE) Beats Q2 Earnings Estimates, Sales Up Y/Y

Zacks

Ameren Corporation AEE 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 69 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 2.98%.

Zacks Rank: Currently, Ameren Corporation has a Zacks Rank #3 (Hold) but that could change following its second quarter 2017 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. Earnings per share came in at 79 cents, compared with the Zacks Consensus Estimate of 67 cents.

Revenues: The company’s reported revenues of $1,538, up 7.86% from the year-ago figure.

Key Stats: Total electric sales in the reported quarter increased by nearly 9.2% year over year to 19,125 million kilowatthours

Stock Price: It would be interesting to see how the market reacts to the second quarter earnings beat during the trading session today.

Ameren Corporation Price and EPS Surprise

Ameren Corporation Price and EPS Surprise | Ameren Corporation Quote


Check back later for our full write up on this AEE earnings report later!

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