Here's Why Ameren (AEE) is a Strong Growth Stock
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Why This 1 Growth Stock Should Be On Your Watchlist
For growth investors, a company's financial strength, overall health, and future outlook take precedence, so they'll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.
Ameren (AEE)
St. Louis, MO-based Ameren Corporation, incorporated in December 1997, is a utility company, which generates and distributes electricity and natural gas to residential, commercial, industrial and wholesale end markets in Missouri and Illinois. The company serves nearly 2.4 million electric and more than 900,000 gas customers. The company has four business segments - Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas and Ameren Transmission.
AEE boasts a Growth Style Score of B and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 5.8% year-over-year for 2023, while Wall Street anticipates its top line to improve by 3.9%.
Three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.01 to $4.38 per share for 2023. AEE boasts an average earnings surprise of 9.5%.
On a historic basis, Ameren has generated cash flow growth of 8.8%, and is expected to report cash flow expansion of 10.6% this year.
Investors should take the time to consider AEE for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.
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Ameren Corporation (AEE) : Free Stock Analysis Report
