Ameren Corporation AEE is poised to unveil fourth-quarter and full-year 2023 results on Feb 22, before the opening bell.
In the most recent quarter, the company produced an earnings surprise of 3.89%. Ameren has an average trailing four-quarter earnings surprise of 9.54%.
Factors to Consider
Most of AEE’s service territories experienced normal weather conditions in the fourth quarter. This may have moderately impacted Ameren’s fourth-quarter revenue.
Ameren Corporation Price and EPS Surprise
Ameren Corporation price-eps-surprise | Ameren Corporation Quote
Strong rate-based growth, driven by increased investments in its infrastructure in the previous quarters, might have contributed to its fourth-quarter income.
Solid revenue growth is likely to have bolstered the bottom line in the fourth quarter. However, higher interest expenses might have had a negative impact on its overall fourth-quarter earnings.
Expectations for Q4
The Zacks Consensus Estimate for AEE’s fourth-quarter revenues is projected at $2.08 billion, indicating a 1.8% increase from the year-ago quarter’s level.
The Zacks Consensus Estimate for fourth-quarter earnings is slated at 61 cents per share, suggesting a decline of 3.2% from the prior-year reported figure.
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for Ameren this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here.
Earnings ESP: The company’s Earnings ESP is 0.00%. Uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: AEE carries a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Take into Account
Here are three Utility players that have the right combination of elements to generate an earnings beat in this reporting cycle.
Sempra Energy SRE has an Earnings ESP of +1.18% and a Zacks Rank #3 at present. The company delivered a four-quarter average earnings surprise of 9.03%.
The Zacks Consensus Estimate for SRE’s fourth-quarter sales is put at $4.03 billion, indicating growth of 16.7% from that recorded in the prior-year quarter. The consensus mark for earnings is set at $1.13 per share.
Southwest Gas SWX has an Earnings ESP of +1.45% and a Zacks Rank #3 at present. The company delivered a four-quarter average earnings surprise of 104%.
The Zacks Consensus Estimate for SWX’s fourth-quarter sales is fixed at $1.27 billion. The consensus mark for earnings is locked at 92 cents per share.
ONE Gas OGS has an Earnings ESP of +0.26% and a Zacks Rank #3 at present. The company delivered a four-quarter average earnings surprise of 1.85%.
The Zacks Consensus Estimate for OGS’ fourth-quarter earnings is tagged at $1.27 per share, indicating growth of 3.3% from that recorded in the prior-year quarter. The consensus mark for sales is set at $815.6 million.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
Ameren Corporation (AEE) : Free Stock Analysis Report
Sempra Energy (SRE) : Free Stock Analysis Report
Southwest Gas Corporation (SWX) : Free Stock Analysis Report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
