Published on 1 May 2024 on Zacks via Yahoo Finance
Ameren (AEE) to Post Q1 Earnings: What's in the Offing?
Ameren Corporation AEE is scheduled to release its first-quarter 2024 results on May 2 after market close. The company delivered a negative earnings surprise of 1.64% in the last reported quarter.However, the company holds a four-quarter average earnings surprise of 6%. Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.
Factors at Play
The majority of Ameren Corporation’s service territories witnessed a warmer-than-normal temperature pattern during the later part of the January-March 2024 quarter, while below-than-normal temperatures prevailed at the onset of the first quarter. Such mixed weather patterns are likely to have a moderate impact on AEE’s overall top line.