U.S. energy firm Ameren's Missouri unit said on Friday that it had made significant changes to its strategy to accelerate investment in generation, bolster reliability and create jobs.
The headline numbers for Ameren (AEE) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Ameren (AEE) came out with quarterly earnings of $0.77 per share, missing the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.60 per share a year ago.
AEE continues to increase shareholder value as its board of directors raises dividends by nearly 6%.
Beyond analysts' top -and-bottom-line estimates for Ameren (AEE), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
Ameren (AEE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Ameren (AEE) reported earnings 30 days ago. What's next for the stock?
Ameren Corporation's stock has outperformed recently, gaining 10.51% since September 2024, beating both common stocks and bonds. Despite a 5.49% revenue increase in Q3 2024, Ameren's operating income and net income declined due to higher operating expenses and regulatory changes in Illinois. Ameren plans to invest $21.9 billion in infrastructure from 2024-2028, focusing on renewable energy and natural gas plants to drive future growth.
Here is how Ameren (AEE) and Atmos Energy (ATO) have performed compared to their sector so far this year.
Ameren Corporation (NYSE:AEE ) Q3 2024 Results Conference Call November 7, 2024 10:00 AM ET Company Participants Andrew Kirk - Director-Investor Relations and Corporate Modeling Martin Lyons - Chairman, President and Chief Executive Officer Michael Moehn - Senior Executive Vice President and Chief Financial Officer Conference Call Participants Robin Shillock - JPMorgan Paul Patterson - Glenrock Associates Carly Davenport - Goldman Sachs Brian Russo - Jefferies David Paz - Wolfe Research Nick Campanella - Barclays Operator Greetings and welcome to the Ameren Corporation Third Quarter 2024 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.
AEE's third-quarter earnings lag estimates, and revenues rise year over year by 5.5%. The company decreases its 2024 GAAP earnings guidance.
While the top- and bottom-line numbers for Ameren (AEE) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.