Compared to Estimates, Ameren (AEE) Q4 Earnings: A Look at Key Metrics

Core Insights - Ameren reported a revenue of $1.62 billion for the quarter ended December 2023, reflecting a 20.9% decrease year-over-year and a significant miss of 22.34% against the Zacks Consensus Estimate of $2.08 billion [1] - The earnings per share (EPS) for the quarter was $0.60, down from $0.63 in the same quarter last year, and slightly below the consensus estimate of $0.61, resulting in an EPS surprise of -1.64% [1] Financial Performance Metrics - Electric Sales totaled 15,760 GWh, falling short of the estimated 16,831.04 GWh [2] - Gas Revenues for Ameren Illinois Natural Gas were reported at $232 million, compared to the average estimate of $340.18 million [2] - Electric Revenues from Ameren Illinois Electric Distribution were $496 million, significantly below the estimated $616.18 million [2] - Electric Revenues from Ameren Transmission totaled $165 million, slightly below the estimate of $169.70 million [2] - Operating Revenues from Natural Gas were $275 million, down 36.9% year-over-year, and below the average estimate of $403.88 million [2] - Operating Revenues from Electric were reported at $1.34 billion, a 16.6% decrease compared to the previous year, and below the estimated $1.66 billion [2] - Electric Revenues from Ameren Missouri were $716 million, compared to the estimated $927.56 million [2] - Gas Revenues from Ameren Missouri were $43 million, below the average estimate of $60.41 million [2] Stock Performance - Ameren's shares have returned +4.5% over the past month, outperforming the Zacks S&P 500 composite's +3.1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]