Ameren Q1 2024 GAAP EPS $0.98 Misses $1.07 Estimate, Sales $1.816B Miss $2.227B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ameren reported Q1 2024 earnings of $0.98 per share, missing the consensus estimate of $1.07. Quarterly sales were $1.816 billion, below the estimate of $2.227 billion, marking an 11.93% decrease from the previous year.
May 02, 2024 | 9:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Ameren's Q1 2024 earnings and sales missed analyst estimates, with a significant year-over-year sales decrease.
Missing both earnings and sales estimates significantly, especially with a notable year-over-year decrease in sales, is likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss and the comparison to last year's performance are critical factors for investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100