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

Ameren

02/08/2024 03:43

* Ameren Corp  AEE.N  reported quarterly adjusted earnings
of 97
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 90
cents.  The mean expectation of thirteen analysts for the
quarter was for earnings of 93 cents per share. Wall Street
expected results to range from 85 cents to 98 cents per share.
    * Revenue fell 3.8% to $1.69 billion from a year ago;
analysts
expected $1.87 billion. 
    * Ameren Corp's reported EPS for the quarter was 97 cents​.
    * The company reported quarterly net income of $258 million.
    * Ameren Corp shares had risen by 11.5% this quarter and
gained 9.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.1%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 9
"hold" and 1 "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
$78.50 
This summary was machine generated from LSEG data August 2 at
02:43 a.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
 Jun. 30 2024      0.93           0.97           Beat
 Mar. 31 2024      1.06           0.98           Missed
 Dec. 31 2023      0.61           0.60           Missed
 Sep. 30 2023      1.82           1.87           Beat