Core Viewpoint - Ameren Corporation reported third-quarter 2024 adjusted earnings of $1.87 per share, missing the Zacks Consensus Estimate of $1.91 by 2.1% and showing a decline from $1.87 per share in the same quarter of 2023 [1] Financial Performance - Total revenues for the quarter were $2.17 billion, reflecting a year-over-year increase of 5.5%, but fell short of the Zacks Consensus Estimate of $2.21 billion by 1.6% [2] - Total operating expenses rose to $1.59 billion, up 9.8% year over year [3] - Cash flow from operating activities was $1.95 billion, down from $2.03 billion a year ago [8] Segment Results - The Ameren Missouri segment reported adjusted earnings of $415 million, with GAAP earnings of $381 million [4] - The Ameren Illinois Electric Distribution segment's earnings decreased to $56 million from $66 million a year ago due to a lower allowed return on equity [4] - The Ameren Illinois Natural Gas segment reported a loss of $10 million, worsening from a loss of $5 million in the prior year [5] - The Ameren Transmission segment's adjusted earnings were $90 million, with GAAP earnings of $100 million, an increase from $86 million in the previous year [6] Financial Condition - As of September 30, 2024, cash and cash equivalents were $17 million, down from $25 million at the end of 2023 [7] - Long-term debt increased to $16.42 billion from $15.12 billion as of December 31, 2023 [7] Guidance - Ameren has lowered its 2024 GAAP earnings guidance to a range of $4.34-$4.48 per share, down from the previous range of $4.52-$4.72 [9] - The company expects adjusted earnings for 2024 to be in the range of $4.55-$4.69, with the Zacks Consensus Estimate at $4.61 per share [9] Zacks Rank - Ameren currently holds a Zacks Rank 2 (Buy) [10]

For the quarter ended September 2024, Ameren (AEE) reported revenue of $2.17 billion, up 5.5% over the same period last year. EPS came in at $1.87, compared to $1.87 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.21 billion, representing a surprise of -1.57%. The company delivered an EPS surprise of -2.09%, with the consensus EPS estimate being $1.91.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they c ...

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 ...

Earnings Performance - Third Quarter GAAP Diluted Earnings Per Share (EPS) were $1.70 in 2024, down from $1.87 in 2023, while Adjusted (Non-GAAP) EPS remained unchanged at $1.87[2] - Third Quarter 2024 net income attributable to common shareholders was $456 million, compared to $493 million in the same period of 2023[2] - Net income attributable to Ameren common shareholders for the three months ended September 30, 2024, was $456 million, a decrease of 7.5% from $493 million in the same period of 2023[23] - Earnings per common share (basic) for the three months ended September 30, 2024, were $1.71, down from $1.88 in the same period last year, representing a decline of 9.1%[23] - Ameren Parent reported a loss of $61 million in the third quarter of 2024, an improvement from a loss of $65 million in 2023, primarily due to lower tax expenses[16] Revenue and Income - Total operating revenues for the three months ended September 30, 2024, were $2,173 million, an increase of 5.5% compared to $2,060 million for the same period in 2023[23] - Electric revenue for the three months ended September 30, 2024, was $2,035 million, up 5.9% from $1,921 million in the same period last year[23] - Total electric revenues increased to $2.035 billion from $1.921 billion, marking an increase of 5.9% year-over-year[28] - Gas revenues for Ameren Total were $138 million, slightly down from $139 million, indicating a decrease of 0.7%[29] Guidance and Projections - 2024 GAAP Diluted EPS Guidance Range is now $4.34 to $4.48, and Adjusted EPS Guidance Range is established at $4.55 to $4.69[10] - For 2025, Diluted EPS Guidance Range is established at $4.85 to $5.05, representing a 7.1% increase over the midpoint of the 2024 adjusted guidance range[4] Operating Expenses and Costs - Total operating expenses for the three months ended September 30, 2024, increased to $1,587 million, up 9.7% from $1,446 million in the same period last year[23] - Fuel and purchased power expenses for the three months ended September 30, 2024, were $499 million, an increase of 15.9% compared to $430 million in the same period of 2023[23] - Interest charges for the three months ended September 30, 2024, rose to $173 million, up 13.8% from $152 million in the same period last year[23] Segment Performance - Ameren Missouri's third quarter 2024 adjusted earnings were $415 million, reflecting an increase from $411 million in 2023, driven by infrastructure investments[12] - Ameren Transmission's third quarter 2024 adjusted earnings were $100 million, up from $86 million in 2023, also attributed to increased infrastructure investments[13] - Ameren Illinois Electric Distribution reported third quarter 2024 earnings of $56 million, down from $66 million in 2023, due to a lower allowed return on equity[14] - Ameren Illinois Natural Gas segment reported a loss of $10 million in the third quarter of 2024, compared to a loss of $5 million in 2023, impacted by new delivery service rates[15] Cash Flow and Capital Expenditures - Net cash provided by operating activities was $1.946 billion, down from $2.031 billion, reflecting a decrease of 4.2%[25] - Capital expenditures for the period were $3.029 billion, an increase of 17.8% compared to $2.571 billion in the prior year[25] Assets and Liabilities - Total assets increased to $43.298 billion from $40.830 billion, representing a growth of 3.4% year-over-year[24] - Long-term debt increased to $16.422 billion from $15.121 billion, representing an increase of 8.6%[24] - Total current liabilities rose to $3.567 billion, up from $3.345 billion, indicating an increase of 6.6% year-over-year[24] Other Financial Information - The company reported other income of $101 million for the three months ended September 30, 2024, unchanged from the same period in 2023[23] - The increase in nine-month adjusted earnings for 2024 was attributed to infrastructure investments and disciplined cost control, despite higher interest expenses[6] - The company anticipates regulatory reviews and potential changes in recovery mechanisms that could impact future financial performance[20]

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 ...

Core Viewpoint - Ameren (AEE) is expected to report quarterly earnings of $1.93 per share, a 3.2% increase year-over-year, with revenues projected at $2.21 billion, reflecting a 7.2% increase compared to the same period last year [1]. Earnings Estimates - The consensus EPS estimate has been revised 12.4% higher over the last 30 days, indicating a collective reevaluation by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts predict 'External revenues- Ameren Illinois Electric Distribution' at $577.21 million, a 3.6% increase from the previous year [5]. - The estimated 'External revenues- Ameren Illinois Natural Gas' is $126.43 million, indicating a 4.5% year-over-year increase [5]. - 'Electric Revenues- Ameren Missouri- Total' is expected to reach $1.21 billion, reflecting a 1.2% decrease from the prior year [6]. - 'Electric Revenues- Ameren Illinois Electric Distribution- Total' is projected at $644.44 million, a 15.5% increase year-over-year [6]. - 'Operating Revenues- Natural gas' is forecasted to be $157.29 million, a 13.2% increase from the previous year [7]. - 'Gas Revenues- Ameren Missouri' is estimated at $21.02 million, suggesting a 16.8% year-over-year increase [7]. - 'Gas Revenues- Ameren Illinois Natural Gas' is projected to reach $136.42 million, indicating an 11.8% increase [7]. - 'Operating Revenues- Electric' is expected to be $2.00 billion, reflecting a 3.9% year-over-year increase [8]. - 'Electric Revenues- Ameren Transmission- Total' is projected at $233.67 million, a 24.3% increase from the previous year [8]. - 'Electric Sales - Ameren Total' is estimated at 19,067.47 GWh, slightly down from 19,098 GWh year-over-year [8]. Operating Income - Analysts suggest 'Operating Income- Ameren Missouri' will likely reach $515.87 million, compared to $419 million reported in the same quarter last year [9]. Stock Performance - Over the past month, shares of Ameren have returned -1%, matching the Zacks S&P 500 composite's -1% change, with a Zacks Rank 2 (Buy) indicating potential outperformance in the near future [9].

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 ...

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]

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]

Group 1 - Ameren (AEE) is currently outperforming its peers in the Utilities sector with a year-to-date gain of approximately 20.6%, compared to the sector average of 17.3% [2] - The Zacks Consensus Estimate for AEE's full-year earnings has increased by 0.7% over the past three months, indicating improved analyst sentiment and a stronger earnings outlook [2] - Ameren holds a Zacks Rank of 2 (Buy), suggesting it has favorable characteristics to beat the market in the near term [1][2] Group 2 - Ameren is part of the Utility - Electric Power industry, which consists of 60 stocks and has achieved a year-to-date gain of about 20.5%, indicating that AEE is performing well within this group [3] - In contrast, Deutsche Telekom AG, which belongs to the Diversified Communication Services industry, has seen a year-to-date decline of -2.9% and is ranked 104 among 13 stocks in its industry [3] - Investors interested in Utilities stocks should monitor both Ameren and Deutsche Telekom AG as they continue to show solid performance [3]