- Ameren reports 1Q EPS (Earnings per share) of 98c, missing y/y (year/year) estimates of $1.06.
- The company’s operating revenue is reported at $1.82 billion, marking a 12% decrease y/y, further underperforming estimates of $2.11 billion.
- Despite the missed revenue estimates, operating income is up 5.7% y/y to $371 million, albeit lower than the estimated $443.3 million.
- Total assets have seen a increase by 8.5% y/y to $41.31 billion, marginally lower than the estimate of $41.44 billion.
- A substantial capital expenditure of $890 million has also been reported for the year till now.
- Ameren maintains its earnings guidance for 2024, projecting an EPS of $4.52 to $4.72, precisely around the estimate of $4.60.
- The company comments on its commitment to disciplined cost management, expecting significant operations and maintenance expense reductions in the latter half of the year.
- Current recommendations for Ameren’s stock stand at 5 buys, 9 holds, and 1 sell.
A look at Ameren Corporation Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, Ameren Corporation has received a fairly positive outlook. With a Dividend score of 4 and a Momentum score of 4, the company seems to be in a strong position in terms of rewarding its investors with dividends and showcasing positive price momentum. However, the Value, Growth, and Resilience scores are slightly lower, with 3, 3, and 2 respectively, indicating some room for improvement in these areas. Overall, Ameren Corporation appears to be a stable company with a focus on dividends and strong upward momentum.
Ameren Corporation, a public utility holding company operating in Missouri and Illinois, is primarily involved in the generation and distribution of electricity as well as natural gas. The company’s Smartkarma Smart Scores suggest a mixed outlook, with strengths in dividends and momentum, while value, growth, and resilience could be areas for potential enhancement. Investors considering Ameren Corporation may find its stable position in the public utility sector appealing, especially given its focus on providing essential services to customers in the Midwest region.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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