S&P 500 (NYSE:SPY) component Ameren Corp (NYSE:AEE) will unveil its latest earnings on Thursday, August 4, 2011. Through its subsidiaries, Ameren Corporation operates rate-regulated electric generation, transmission and distribution businesses, rate-regulated natural gas transmission and distribution businesses and non-rate-regulated electric generation businesses. CenterPoint Energy, Inc. Second Quarter Earnings Sneak Peek>>
Ameren Corp Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 63 cents per share, a decline of 13.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 65 cents. Between one and three months ago, the average estimate moved down and dropped from 64 cents during the last month. For the year, analysts are projecting profit of $2.34 per share, a decline of 14.9% from last year.
Past Earnings Performance: The company has missed estimates in the last two quarters. In the first quarter, it missed the mark by 12 cents as a result of reporting net income of 25 cents against an estimate of profit of 37 cents per share. In the fourth quarter of the last fiscal year, the company fell short of forecasts by one cent.
Wall St. Revenue Expectations: On average, analysts predict $1.73 billion in revenue this quarter, a rise of 1.8% from the year ago quarter. Analysts are forecasting total revenue of $7.65 billion for the year, a rise of 0.1% from last year’s revenue of $7.64 billion.
Analyst Ratings: Analysts seem relatively indifferent about Ameren with eight of 10 analysts surveyed maintaining a hold rating.
A year-over-year revenue decrease in the first quarter snaps a streak of three consecutive quarters of revenue increases. Revenue fell 0.6% in the first quarter and rose 5.3%in the fourth quarter of the last fiscal year, 24.2% in the third quarter of the last fiscal year and 1.2% in the second quarter of the last fiscal year.
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).
Stock Price Performance: During July 25, 2011 to July 29, 2011, the stock price had dropped $1.10 (-3.7%) from $29.92 to $28.82. The stock price saw one of its best stretches over the last year between June 23, 2011 and July 1, 2011 when shares rose for seven-straight days, rising 4.3% (+$1.20) over that span. It saw one of its worst periods between October 20, 2010 and October 27, 2010 when shares fell for six-straight days, falling 2% (-57 cents) over that span. Shares are up $1.39 (+5.1%) year to date.
(Source: Xignite Financials)