Ameren Corp Earnings Cheat Sheet: Swing to a Profit, Topping Analysts’ Estimates

S&P 500 (NYSE:SPY) component Ameren Corporation (NYSE:AEE) reported its results for the third quarter. Through its subsidiaries, Ameren operates rate-regulated electric generation, transmission, and distribution businesses; rate-regulated natural gas transmission and distribution businesses; and non-rate-regulated electric generation businesses.

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

Ameren Earnings Cheat Sheet for the Third Quarter

Results: Reported a profit of $285 million ($1.18 per diluted share) in the quarter. The diversified utilities company had a net loss of $167 million or a loss of 70 cents per share in the year earlier quarter.

Revenue: Flat at $2.27 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: AEE reported adjusted net income of $1.57 per share. By that measure, the company beat the mean estimate of $1.29 per share. It beat the average revenue estimate of $2.22 billion.

Quoting Management: “Third quarter core earnings were strong, driven by warmer-than-normal weather and continued disciplined cost management,” said Thomas R. Voss, chairman, president and CEO of Ameren Corporation. “As a result, today we are raising our 2011 core earnings guidance range to $2.50 to $2.60 per share, up from our prior guidance range of $2.30 to $2.55 per share. In addition, we continue to improve our 2011 positive free cash outlook.”

Key Stats:

The company beat estimates last quarter after falling short in the previous two quarters. In the second quarter, it missed the mark by 3 cents, and in the first quarter, it fell short by 12 cents.

Looking Forward: Over the last 30 days, analysts have not been optimistic about the company’s next quarter performance. The average estimate for the fourth quarter is now 37 cents per share, down from 48 cents. Over the past three months, the average estimate for the fiscal year has climbed from $2.34 per to share to $2.38.

Competitors to Watch: CenterPoint Energy, Inc. (NYSE:CNP), Integrys Energy Group, Inc. (NYSE:TEG), The Empire District Electric Co. (NYSE:EDE), NorthWestern Corporation (NYSE:NWE), CMS Energy Corporation (NYSE:CMS), NiSource Inc. (NYSE:NI), CH Energy Group, Inc. (NYSE:CHG), Dominion Resources, Inc. (NYSE:D), Wisconsin Energy Corp. (NYSE:WEC), and DTE Energy Company (NYSE:DTE).

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

(Source: Xignite Financials)