Ameren Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Ameren Corp (NYSE:AEE) will unveil its latest earnings on Friday, November 4, 2011. 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 estimate of analysts is for profit of $1.26 per share, a decline of 10% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.17. Between one and three months ago, the average estimate moved down. It has risen from $1.11 during the last month. For the year, analysts are projecting net income of $2.38 per share, a decline of 13.5% from last year.

Past Earnings Performance: For the past three quarters, the company’s quarterly results have come in below analyst’s expectations. Last quarter, the company reported profit of 59 cents per share versus a mean estimate of net income of 62 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $2.22 billion in revenue this quarter, a decline of 12.9% from the year ago quarter. Analysts are forecasting total revenue of $7.63 billion for the year, a decline of 0.1% from last year’s revenue of $7.64 billion.

Analyst Ratings: Analysts seem relatively indifferent about Ameren with nine of 10 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit fell 9.2% to $138 million (57 cents a share) from $152 million (64 cents a share) the year earlier, missing analyst expectations. Revenue rose 4.5% to $1.78 billion from $1.7 billion.

Key Stats:

Over the last four quarters, revenue has increased 8.3% on average year over year. The biggest increase came in the third quarter of the last fiscal year, when revenue rose 24.2% from the year earlier quarter.

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 August 5, 2011 to October 31, 2011, the stock price had risen $4.62 (16.9%) from $27.26 to $31.88. 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, rising 6.9% (+$1.99) over that span. It saw one of its worst periods between December 3, 2010 and December 9, 2010 when shares fell for five-straight days, falling 1.8% (-51 cents) over that span. Shares are up $4.80 (+17.7%) year to date.

(Source: Xignite Financials)

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