We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Ameren Corporation (AEE - Free Report) posted fourth-quarter 2017 adjusted earnings from continuing operations of 39 cents per share, surpassing the Zacks Consensus Estimate of 34 cents by 14.7%. The bottom line also surged 200% year over year, primarily due to a change in the timing of interim period revenue recognition at Ameren Illinois Electric Distribution.
For 2017, Ameren Corporation reported adjusted earnings of $2.83 per share, compared with earnings of $2.68 in the prior year. Full-year earnings surpassed the Zacks Consensus Estimate of $2.79 by 1.4%.
Total Revenues
Total revenues of $1,402 million in the quarter were up 3.4% year over year owing to higher electric as well as natural gas sales volumes.
For 2017, the company generated revenues worth $6,177 million that lagged the Zacks Consensus Estimate of $6,330 million. However, on a year-over-year basis, revenues rose 1.7% from $6,076 million in the prior year.
Highlights of the Release
Ameren’s total electricity sales volumes in the quarter decreased 2.1% to 17,854 million kilowatt hours (kWh) from 18,235 million kWh in the prior-year quarter. Gas volumes improved 11.3% 59 million dekatherms.
Total operating expenses were $1,177 million, down 2.8% year over year.
Interest expenses were $96 million compared with $95 million with the year-ago figure.
Ameren Corporation Price, Consensus and EPS Surprise
Exelon Corp (EXC - Free Report) reported fourth-quarter 2017 operating earnings of 55 cents per share, which lagged the Zacks Consensus Estimate of 62 cents by 11.3%. However, quarterly earnings were 25% higher than the year-ago figure of 44 cents.
Dominion Energy (D - Free Report) reported fourth-quarter 2017 operating earnings of 91 cents per share, beating the Zacks Consensus Estimate of 88 cents by 3.4%. However, operating earnings decreased 8.1% from 99 cents reported a year ago.
American Electric Power (AEP - Free Report) reported fourth-quarter 2017 operating earnings per share of 85 cents, exceeding the Zacks Consensus Estimate of 81 cents by 4.9%. The bottom line also improved 4.9% from 67 cents per share reported a year ago.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Image: Bigstock
Ameren (AEE) Tops Q4 Earnings Estimates, Issues '18 View
Ameren Corporation (AEE - Free Report) posted fourth-quarter 2017 adjusted earnings from continuing operations of 39 cents per share, surpassing the Zacks Consensus Estimate of 34 cents by 14.7%. The bottom line also surged 200% year over year, primarily due to a change in the timing of interim period revenue recognition at Ameren Illinois Electric Distribution.
For 2017, Ameren Corporation reported adjusted earnings of $2.83 per share, compared with earnings of $2.68 in the prior year. Full-year earnings surpassed the Zacks Consensus Estimate of $2.79 by 1.4%.
Total Revenues
Total revenues of $1,402 million in the quarter were up 3.4% year over year owing to higher electric as well as natural gas sales volumes.
For 2017, the company generated revenues worth $6,177 million that lagged the Zacks Consensus Estimate of $6,330 million. However, on a year-over-year basis, revenues rose 1.7% from $6,076 million in the prior year.
Highlights of the Release
Ameren’s total electricity sales volumes in the quarter decreased 2.1% to 17,854 million kilowatt hours (kWh) from 18,235 million kWh in the prior-year quarter. Gas volumes improved 11.3% 59 million dekatherms.
Total operating expenses were $1,177 million, down 2.8% year over year.
Interest expenses were $96 million compared with $95 million with the year-ago figure.
Ameren Corporation Price, Consensus and EPS Surprise
Ameren Corporation Price, Consensus and EPS Surprise | Ameren Corporation Quote
Financial Condition
Ameren reported cash and cash equivalents of $10 million as of Dec 31, 2017 compared with $9 million at 2016 end.
Long-term debt as of Dec 31, 2017 was $7,094 million compared with $6,595 million as of Dec 31, 2016.
Cash from operating activities as on Dec 31, 2017 was $2,104 million compared with $2,123 million in the prior-year period.
Guidance
Ameren expects 2018 earnings per share to be in a range of $2.95-$3.15.
Zacks Rank
Ameren carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Peer Releases
Exelon Corp (EXC - Free Report) reported fourth-quarter 2017 operating earnings of 55 cents per share, which lagged the Zacks Consensus Estimate of 62 cents by 11.3%. However, quarterly earnings were 25% higher than the year-ago figure of 44 cents.
Dominion Energy (D - Free Report) reported fourth-quarter 2017 operating earnings of 91 cents per share, beating the Zacks Consensus Estimate of 88 cents by 3.4%. However, operating earnings decreased 8.1% from 99 cents reported a year ago.
American Electric Power (AEP - Free Report) reported fourth-quarter 2017 operating earnings per share of 85 cents, exceeding the Zacks Consensus Estimate of 81 cents by 4.9%. The bottom line also improved 4.9% from 67 cents per share reported a year ago.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>