Ameren (AEE) Reports Next Week: Wall Street Expects Earnings Growth

Company Overview - Ameren (AEE) is expected to report a year-over-year increase in earnings, with a projected EPS of $1.93, reflecting a change of +3.2% [3] - Revenues for the quarter are anticipated to be $2.21 billion, which is a 7.2% increase from the previous year [3] Earnings Expectations - The earnings report is scheduled for November 6, 2024, and the stock price may react positively if results exceed expectations [2] - Conversely, if the results fall short, the stock may decline [2] Estimate Revisions - The consensus EPS estimate has been revised 12.41% higher in the last 30 days, indicating a reassessment by analysts [4] - However, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, leading to an Earnings ESP of -2.04%, suggesting a bearish outlook [10] Historical Performance - In the last reported quarter, Ameren had an EPS of $0.97, surpassing the expected $0.93, resulting in a surprise of +4.30% [11] - Over the past four quarters, Ameren has beaten consensus EPS estimates two times [12] Market Context - The utility sector, particularly the Electric Power industry, is seeing similar trends with other companies like PSEG, which is expected to post earnings of $0.91 per share, a +7.1% change year-over-year [16] - PSEG's revenue is projected at $2.48 billion, up 0.9% from the previous year [16]