Ameren Corp (AEE) Misses Q1 EPS by 12c, Affirms Guidance

Ameren Corp (NYSE: AEE) reported Q1 EPS of $0.59, $0.12 worse than the analyst estimate of $0.71. Revenue for the quarter came in at $1.44 billion versus the consensus estimate of $1.61 billion.

Earnings Guidance:

Today, Ameren affirmed its 2020 earnings guidance range of $3.40 to $3.60 per diluted share. Ameren also affirmed its 2020 through 2024 compound annual diluted earnings per share growth expectations of 6% to 8%, using the 2020 guidance range midpoint of $3.50 per share as the base. Ameren's expected multi-year earnings growth is expected to be driven by strong projected rate base growth of approximately 9% compounded annually from 2019 through 2024. Earnings guidance for 2020 and multi-year growth expectations assume normal temperatures for all periods after March 2020 and are subject to the effects of, among other things: the impacts of COVID-19; 30-year U.S. Treasury bond yields; regulatory, judicial and legislative actions; energy center and energy distribution operations; energy, economic and capital market conditions; severe storms; unusual or otherwise unexpected gains or losses; and other risks and uncertainties outlined, or referred to, in the Forward-looking Statements section of this press release.

For earnings history and earnings-related data on Ameren Corp (AEE) click here.

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