Ameren Corp First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Ameren Corp (NYSE:AEE) will unveil its latest earnings on Friday, May 4, 2012. 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.

Ameren Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 22 cents per share, a decline of 12% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 24 cents. Between one and three months ago, the average estimate moved up. It has dropped from 28 cents during the last month. Analysts are projecting profit to rise by 9% versus last year to $2.33.

Past Earnings Performance: Last quarter, the company fell short of estimates by 28 cents, coming in at profit of 14 cents per share against a mean estimate of net income of 15 cents. The company topped expectations in the third quarter of the last fiscal year.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 10.5% in revenue from the year-earlier quarter to $1.7 billion.

Analyst Ratings: Analysts seem relatively indifferent about Ameren with eight of 11 analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 51.9% to $25 million (10 cents a share) from $52 million (21 cents a share) the year earlier, missing analyst expectations. Revenue fell 10.5% to $1.58 billion from $1.76 billion.

Key Stats:

On the top line, the company is looking to get back on the right track after last quarter’s drop snapped a string of revenue increases. Revenue rose 0.6% in the third quarter of the last fiscal year and 4.5% in the second quarter of the last fiscal year before falling in the fourth quarter of the last fiscal year.

Stock Price Performance: Between February 2, 2012 and April 30, 2012, the stock price rose $1.61 (5.2%), from $31.18 to $32.79. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 20, 2011, when shares rose for eight straight days, increasing 6.9% (+$1.94) over that span. It saw one of its worst periods between March 30, 2012 and April 10, 2012 when shares fell for seven straight days, dropping 3.7% (-$1.19) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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