* Ameren Corp reported quarterly adjusted earnings of 98 cents per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of $1.00. The mean expectation of twelve analysts for the quarter was for earnings of $1.06 per share. Wall Street expected results to range from 96 cents to $1.14 per share.
* Revenue fell 11.9% to $1.82 billion from a year ago; analysts expected $2.23 billion.
* Ameren Corp's reported EPS for the quarter was 98 cents.
* The company reported quarterly net income of $261 million.
* Ameren Corp shares had risen by 0.7% this quarter and gained 3.0% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 9.7% in the last three months.
* In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 10 "hold" and 1 "sell" or "strong sell."
* The average consensus recommendation for the multiline utilities peer group is also "hold"
Wall Street's median 12-month price target for Ameren Corp is $77.00 This summary was machine generated from LSEG data May 2 at 11:05 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 1.06 0.98 Missed
Dec. 31 2023 0.61 0.60 Missed
Sep. 30 2023 1.82 1.87 Beat
Jun. 30 2023 0.80 0.90 Beat
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