Ameren Corporation’s AEE third-quarter 2019 earnings of $1.47 per share from continuing operations surpassed the Zacks Consensus Estimate of $1.46 by 0.7%. However, the bottom line declined 2% from the year-ago quarter’s $1.50 per share.Total RevenuesTotal revenues came in at $1,659 million in the reported quarter, which declined 3.9% year over year due to lower electric and natural gas sales volume. The reported figure also missed the Zacks Consensus Estimate of $1,752 million by 5.3%.Highlights of the ReleaseAmeren’s total electricity sales volume declined 5.6% to 20,355 million kilowatt hours (kWh) compared with 21,568 million kWh in the year-ago quarter. However, gas volumes stood at 28 million dekatherms during the third quarter.Total operating expenses summed $1,139 million, down 4.4% year over year from $1,191 million. Interest expenses were $96 million compared with $101 million a year ago.The company’s operating income declined 2.4% to $520 million from $533 million in the year-ago quarter.Segment ResultsThe Ameren Missouri segment reported operating income of $300 million in the third quarter compared with $298 million in the year-ago quarter. The year-over-year rise reflected 2019 energy efficiency performance incentives of $13 million.The Ameren Illinois Electric Distribution segment reported operating income of $32 million in the third quarter compared with $38 million in the year-ago quarter. The year-over-year decline reflected a lower allowed return on equity due to a lower projected average 30-year U.S. Treasury bond yield in 2019 compared to 2018.The Ameren Illinois Natural Gas segment reported an operating loss of $1 million against the operating income of $1 million in the year-ago quarter. The year-over-year decline was because of a change in rate design.The Ameren Transmission segment reported operating income of $53 million in the third quarter compared with $48 million in the year-ago quarter. The improvement reflected increased earnings on infrastructure investments.Financial ConditionThe company reported cash and cash equivalents of $20 million as of Sep 30, 2019, compared with $16 million at the 2018-end.As of Sep 30, 2019, long-term debt totaled $8,651 million compared with $7,859 million as of Dec 31, 2018.In the first nine months of 2019, cash from operating activities amounted to $1,668 million compared with $1,686 in the first nine months of 2018.Ameren Corporation Price, Consensus and EPS Surprise Ameren Corporation price-consensus-eps-surprise-chart | Ameren Corporation QuoteGuidanceAmeren has narrowed its 2019 guidance. The company expects earnings of $3.23-$3.33 per share compared to the earlier guidance of $3.15-$3.35. Currently, the Zacks Consensus Estimate for the company’s 2019 earnings is pegged at $3.25, which lies below the mid-point of the company’s guided range.Zacks RankAmeren currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Recent Utility ReleasesNextEra Energy NEE reported third-quarter 2019 adjusted earnings of $2.39 per share, beating the Zacks Consensus Estimate of $2.27 by 5.3%. Moreover, earnings rose 10.1% on a year-over-year basis.Entergy Corporation ETR reported third-quarter 2019 adjusted earnings of $2.52 per share, which surpassed the Zacks Consensus Estimate of $2.31 by 9.1%. Moreover, the reported figure rose 7.2% from $2.35 per share in the year-ago quarter.Public Service Enterprise Group PEG, or PSEG, reported third-quarter 2019 adjusted operating earnings of 98 cents per share, which surpassed the Zacks Consensus Estimate of 95 cents by 3.2%. The bottom line also improved 3.2% on a year-over-year basis.Today's Best Stocks from ZacksWould you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.See their latest picks free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Public Service Enterprise Group Incorporated (PEG): Free Stock Analysis Report NextEra Energy, Inc. (NEE): Free Stock Analysis Report Entergy Corporation (ETR): Free Stock Analysis Report Ameren Corporation (AEE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research