Ameren (AEE) to Post Q1 Earnings: What's in the Offing?

Core Viewpoint - Ameren Corporation (AEE) is expected to report its first-quarter 2024 results on May 2, following a previous quarter with a negative earnings surprise of 1.64%, but has a four-quarter average earnings surprise of 6% [1] Factors at Play - The service territories of Ameren Corporation experienced mixed weather patterns, with warmer-than-normal temperatures later in the quarter and below-normal temperatures at the start, likely leading to a moderate impact on overall revenue [2] - Adverse weather events, including winter storms and tornadoes, may have caused outages for some customers, potentially negatively affecting revenues [2] - Favorable rate base growth from prior quarters is expected to support first-quarter sales, with the Zacks Consensus Estimate for sales at $2.20 billion, indicating a 6.8% increase year-over-year [2] - Positive returns from infrastructure investments, new electric service rates effective from July 2023, and customer growth are projected to enhance the bottom line, although higher interest expenses may negatively impact earnings [3] - The Zacks Consensus Estimate for first-quarter earnings is $1.09 per share, reflecting a 9% increase from the same quarter in 2023 [3] Earnings Prediction - The earnings model indicates a potential earnings beat for AEE, supported by a positive Earnings ESP of +0.30% and a Zacks Rank of 3 (Hold) [4] Other Stocks to Consider - The AES Corporation (AES) is also set to report on May 2, with an Earnings ESP of +6.67% and a Zacks Rank of 3, expecting earnings of 30 cents per share, a 36.4% improvement year-over-year [5] - Eversource Energy (ES) will report before market open on May 2, with an Earnings ESP of +2.76% and a Zacks Rank of 2, estimating earnings of $1.45 per share, a 2.8% increase from the previous year [6] - Clean Energy Fuels (CLNE) is expected to report on May 9, with an Earnings ESP of +6.25% and a Zacks Rank of 3, estimating a loss of 3 cents per share, an improvement from a loss of 7 cents in the prior year [6]