Ameren Corporation (NYSE: AEE) has reported earnings for its first fiscal quarter (ending March 31) of $0.98 versus $1.01 for the same period a year ago — a decline of -3%. This result fell short of the consensus estimate of $1.05 by $-0.07. E.P.S. were $4.36 for the latest four quarters through March 31 versus $4.19 for the same period a year ago — an increase of 4%.
Recent Price Action
On 5/2/24, Ameren Corporation (NYSE: AEE) stock increased 1.0%, closing at $75.25. However, trading volume in this advance was below average at 79% of normal. The stock has been weak relative to the market over the last nine months but has risen 0.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, AEE is expected to continue to be an important Value Builder.
Ameren has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Ameren has a slightly positive Appreciation Score of 66 but a slightly negative Power Rating of 34, leading to the Neutral Value Trend Rating.
Rating Review
In light of this discouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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