Ameren Corp reports results for the quarter ended in December - Earnings Summary

Ameren

23/02/2024 12:45

* Ameren Corp  AEE.N  reported quarterly adjusted earnings
of 60
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 63
cents.  The mean expectation of twelve analysts for the quarter
was for earnings of 61 cents per share. Wall Street expected
results to range from 58 cents to 63 cents per share.
    * Revenue fell 20.9% to $1.62 billion from a year ago;
analysts
expected $2.03 billion. 
    * Ameren Corp's reported EPS for the quarter was 60 cents​.
    * The company reported quarterly net income of $158 million.
    * Ameren Corp shares had fallen by 2.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 11
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the multiline
utilities
peer group is also "hold"

Wall Street's median 12-month price target for Ameren Corp is
$76.00 
This summary was machine generated from LSEG data February 23 at
12:45 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.61           0.60           Missed
 Sep. 30 2023      1.82           1.87           Beat
 Jun. 30 2023      0.80           0.90           Beat
 Mar. 31 2023      0.94           1.00           Beat