Saint Louis, Missouri-based Ameren Corporation (AEE) generates and distributes electricity and natural gas to residential, commercial, industrial, and wholesale end markets in Missouri and Illinois. With a market cap of $26.8 billion, Ameren operates through Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission segments.
The utilities major is set to unveil its Q2 results after the market closes on Thursday, Jul. 31. Ahead of the event, analysts expect AEE to report a non-GAAP profit of $1.01 per share, 4.1% up from $0.97 per share reported in the year-ago quarter. While the company has surpassed Wall Street’s earnings projections once over the past four quarters, it has missed the estimates on three other occasions.
For the full fiscal 2025, AEE is expected to deliver an EPS of $4.94, up 6.7% from $4.63 reported in fiscal 2024. In fiscal 2026, its earnings are expected to further grow 7.5% year-over-year to $5.31 per share.
Ameren’s stock prices have soared 33.3% over the past 52 weeks, significantly outperforming the S&P 500 Index’s ($SPX) 13.4% returns and the Utilities Select Sector SPDR Fund’s (XLU) 20.3% gains during the same time frame.
Ameren’s stock prices gained 1.4% in the trading session after the release of its mixed Q1 results on May 1. The company’s operating revenues from electric sales soared 18.9% year-over-year to $1.6 billion, along with a notable uptick in natural gas sales to $475 million. This led to its overall revenues growing 15.5% year-over-year to $2.1 billion, surpassing the consensus estimates by 5.7%. However, Ameren’s profitability didn’t flare as expected, due to an increase in operating and interest expenses. Its non-GAAP EPS grew by a modest 4.9% compared to the year-ago quarter to $1.07, and missed the Street’s expectations by 93 bps.
Nevertheless, the stock maintains a consensus “Moderate Buy” rating overall. Of the 15 analysts covering the AEE stock, opinions include nine “Strong Buys” and six “Holds.” Its mean price target of $105 suggests a modest 4% upside potential from current price levels.
