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

Ameren

03/05/2024 24:05

* Ameren Corp  AEE.N  reported quarterly adjusted earnings
of 98
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of $1.00. 
The mean expectation of twelve analysts for the quarter was
for earnings of $1.06 per share. Wall Street expected results to
range from 96 cents to $1.14 per share.
    * Revenue fell 11.9% to $1.82 billion from a year ago;
analysts
expected $2.23 billion. 
    * Ameren Corp's reported EPS for the quarter was 98 cents​.
    * The company reported quarterly net income of $261 million.
    * Ameren Corp shares had risen by 0.7% this quarter and
gained 3.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.7%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 10
"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
$77.00 
This summary was machine generated from LSEG data May 2 at 11:05
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
 Mar. 31 2024      1.06           0.98           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