Ameren Whiffs on Revenues
Ameren (NYS: AEE) reported earnings on Feb. 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Ameren whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue contracted, and GAAP earnings per share dropped significantly.
Margins shrank across the board.
Ameren logged revenue of $1.58 billion. The one analyst polled by S&P Capital IQ expected to see revenue of $1.79 billion on the same basis. GAAP reported sales were 8.2% lower than the prior-year quarter's $1.72 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.14. The eight earnings estimates compiled by S&P Capital IQ anticipated $0.15 per share on the same basis. GAAP EPS of $0.10 for Q4 were 55% lower than the prior-year quarter's $0.22 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 28.5%, 290 basis points worse than the prior-year quarter. Operating margin was 9.3%, 250 basis points worse than the prior-year quarter. Net margin was 1.6%, 140 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.73 billion. On the bottom line, the average EPS estimate is $0.24.
Next year's average estimate for revenue is $7.55 billion. The average EPS estimate is $2.33.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 186 members rating the stock outperform and 41 members rating it underperform. Among 66 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 58 give Ameren a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ameren is hold, with an average price target of $29.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.