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Ameren (AEE) Q3 Earnings and Revenues Miss Estimates
ZACKS· 2024-11-06 23:45
Ameren (AEE) came out with quarterly earnings of $1.87 per share, missing the Zacks Consensus Estimate of $1.91 per share. This compares to earnings of $1.87 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.09%. A quarter ago, it was expected that this utility would post earnings of $0.93 per share when it actually produced earnings of $0.97, delivering a surprise of 4.30%.Over the last four quarters, the company has surpass ...
Ameren(AEE) - 2024 Q3 - Quarterly Results
2024-11-06 21:32
Exhibit 99.1 Contacts: Media Analysts Anthony Paraino Andrew Kirk 314.554.2182 314.554.3942 aparaino@ameren.com akirk@ameren.com NEWS RELEASE -- 1901 Chouteau Avenue: St. Louis, MO 63103: Ameren.com For Immediate Release Ameren Announces Third Quarter 2024 Results • Third Quarter GAAP Diluted Earnings Per Share (EPS) were $1.70 in 2024 vs. $1.87 in 2023 • Third Quarter Adjusted (Non-GAAP) Diluted Earnings Per Share were $1.87 in 2024 vs. $1.87 in 2023 • 2024 GAAP Diluted EPS Guidance Range is now $4.34 to $ ...
Ameren Announces Third Quarter 2024 Results
Prnewswire· 2024-11-06 21:30
Third Quarter GAAP Diluted Earnings Per Share (EPS) were $1.70 in 2024 vs. $1.87 in 2023 Third Quarter Adjusted (Non-GAAP) Diluted Earnings Per Share were $1.87 in 2024 vs. $1.87 in 2023 2024 GAAP Diluted EPS Guidance Range is now $4.34 to $4.48 per Diluted Share 2024 Adjusted (Non-GAAP) Diluted EPS Guidance Range Established at $4.55 to $4.69 2025 Diluted EPS Guidance Range Established at $4.85 to $5.05ST. LOUIS, Nov. 6, 2024 /PRNewswire/ -- Ameren Corporation (NYSE: AEE) today announced third quarter 2 ...
What Analyst Projections for Key Metrics Reveal About Ameren (AEE) Q3 Earnings
ZACKS· 2024-11-01 14:20
In its upcoming report, Ameren (AEE) is predicted by Wall Street analysts to post quarterly earnings of $1.93 per share, reflecting an increase of 3.2% compared to the same period last year. Revenues are forecasted to be $2.21 billion, representing a year-over-year increase of 7.2%.The consensus EPS estimate for the quarter has been revised 12.4% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during t ...
Ameren announces milestones in reliable energy investments
Prnewswire· 2024-10-31 12:00
Ameren Missouri receives approval to build vital dispatchable energy source and closes on three solar generation projects in 2024ST. LOUIS, Oct. 31, 2024 /PRNewswire/ -- Ameren Missouri, a subsidiary of Ameren Corporation (NYSE: AEE), received approval Wednesday from the Missouri Public Service Commission to build an 800-megawatt (MW) simple-cycle natural gas energy center expected to be ready to serve as a reliable backup source of energy in 2027. The Castle Bluff Energy Center represents an investment of ...
Ameren (AEE) Reports Next Week: Wall Street Expects Earnings Growth
ZACKS· 2024-10-30 15:07
The market expects Ameren (AEE) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on November 6, 2024, might help the stock move higher if these key numbers are ...
Markets Turn Volatile: 5 Defensive Stocks to Buy
ZACKS· 2024-10-16 19:00
Core Viewpoint - Volatility has returned to Wall Street following a solid September rally, influenced by a Federal Reserve rate cut and recent inflation data, leading to a recommendation for defensive stocks like consumer staples and utilities [1][2]. Inflation Data - The consumer price index (CPI) rose 0.2% in September, matching August's increase and exceeding analysts' expectations of 0.1% [2] - Year-over-year, CPI increased 2.4%, marking the smallest rise in over three and a half years [2] - Core CPI, excluding food and energy, jumped 3.3% year-over-year, surpassing the consensus estimate of 3.2% [2] - The Federal Reserve cut rates by 50 basis points, with the current benchmark rate between 4.75% and 5%, the lowest since April 2023 [2] Consumer Sentiment - The University of Michigan's preliminary consumer sentiment reading fell to 68.9 in October from 70.1 in September, below the forecast of 70.8 [3] - One-year inflation expectations rose to 2.9% from 2.7% in the previous month, reflecting concerns over high prices and a slowing economy [3] Investment Strategy - Investors are advised to focus on low-risk investments, particularly defensive stocks in consumer staples and utilities, with an emphasis on low beta stocks (0 to 1), high dividend yields, and favorable Zacks Rank [4] Company Highlights - **American Water Works Company, Inc. (AWK)**: Serves over 14 million customers, expected earnings growth rate of 7.6%, Zacks Rank 2, beta of 0.69, dividend yield of 2.18% [5] - **Ameren Corporation (AEE)**: Provides electricity and natural gas to nearly 2.4 million electric and over 900,000 natural gas customers, expected earnings growth rate of 5.5%, Zacks Rank 2, beta of 0.45, dividend yield of 3.07% [6] - **Fortis, Inc. (FTS)**: Engaged in electric and gas utility business, expected earnings growth rate of 3.1%, Zacks Rank 2, beta of 0.44, dividend yield of 3.92% [8] - **Unilever PLC (UL)**: Manufactures branded consumer goods, expected earnings growth rate of 8.2%, Zacks Rank 1, beta of 0.48, dividend yield of 2.99% [9] - **The Clorox Company (CLX)**: Produces consumer products, expected earnings growth rate of 7.6%, Zacks Rank 2, beta of 0.41, dividend yield of 3.02% [10]
Is Ameren (AEE) Outperforming Other Utilities Stocks This Year?
ZACKS· 2024-10-15 14:46
For those looking to find strong Utilities stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Ameren (AEE) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Utilities peers, we might be able to answer that question.Ameren is one of 105 companies in the Utilities group. The Utilities group currently sits at #4 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individ ...
ETR or AEE: Which Utility Electric Power Stock Is the Better Option?
ZACKS· 2024-10-15 14:00
Utilities continue to benefit from various favorable factors, such as new electric rates, customer additions, cost management and the implementation of energy-efficiency programs. Also, the ongoing investments to improve the resiliency of electric infrastructure against extreme weather conditions and the ongoing transition to cost-effective, renewable energy sources to produce electricity aid the power industry.Utility companies operating in the United States are taking measures to further strengthen their ...
Ameren Corporation Third Quarter 2024 Earnings Webcast Nov. 7, 2024
Prnewswire· 2024-10-10 12:00
ST. LOUIS, Oct. 10, 2024 /PRNewswire/ -- Martin J. Lyons Jr., chairman, president and CEO of Ameren Corp. (NYSE: AEE), and Michael L. Moehn, senior executive vice president and CFO of Ameren Corp., will discuss third quarter 2024 earnings, earnings guidance and other matters in a conference call with financial analysts at 9 a.m. Central Time (10 a.m. Eastern Time) on Thursday, Nov. 7.The call will be broadcast live over the internet on AmerenInvestors.com. Supporting materials for the call will be posted in ...