Ameren Full Year 2023 Earnings: Revenues Disappoint
Ameren (NYSE:AEE) Full Year 2023 Results
Key Financial Results
Revenue: US$7.50b (down 2.1% from FY 2022).
Net income: US$1.15b (up 7.3% from FY 2022).
Profit margin: 15% (up from 14% in FY 2022). The increase in margin was driven by lower expenses.
EPS: US$4.38 (up from US$4.16 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ameren Revenues Disappoint
Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Integrated Utilities industry in the US.
Performance of the American Integrated Utilities industry.
The company's shares are up 3.0% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with Ameren (including 1 which is a bit concerning).
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