Ameren Corporation (AEE) is a utility company, which generates and distributes electricity and natural gas to residential, commercial, industrial and wholesale end markets in Missouri and Illinois. This St. Louis-based company has been concentrating on its rate-regulated utilities following its exit from the merchant generation business
However, the company is subject to volatile commodity prices and stringent environmental regulations, which could negatively impact its margins.
Estimate Trend & Surprise History
Investors should note that the second quarter Zacks Consensus Estimate for earnings of 63 cents per share has increased by 6.8% over the last 90 days.
Coming to the earnings surprise, Ameren Corporation has surpassed the Zacks Consensus Estimate in three of the last four quarters, which have resulted in a positive average surprise of 17.46%.
Zacks Rank: Currently, Ameren Corporation has a Zacks Rank#3 (Hold) but that could change following its second quarter 2015 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: Ameren Corporation missed earnings estimate. Adjusted earnings per share came in at 58 cents, lagging the Zacks Consensus Estimate of 63 cents by 7.9%.
Revenue: Revenues of $1,401 million lagged Zacks Consensus Estimate of $1,431 million by 2.1% and the year ago revenue by 1.3%.
Key Stats: Total electric sales in the reported quarter increased by nearly 1% year over year to 18,954 million kilowatthours.
Stock Price: It would be interesting to see how the market reacts to the second quarter earnings miss during the trading session today.
Check back later for our full write up on this AEE earnings report later!
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