The AES Corporation (AES Quick QuoteAES - Free Report) is a global power company with generation and distribution businesses. This Arlington, VA-based company’s strategy of reducing complexity through withdrawal of operations in the risk markets is appreciable.

Estimate Trend & Surprise History
 
Investors should note that Zacks Consensus Estimate for the second quarter for earnings of 18 cents per share remained stable over the last 30 days.
 
Coming to the earnings surprise, AES Corp. has surpassed the Zacks Consensus Estimate in two out of last four quarters, resulting in a negative average surprise of 9.89%.
 
Zacks Rank: Currently, AES Corp. has a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. We have mentioned below some of the vital information from this just-revealed announcement:
 
Earnings Miss: AES Corp. missed the consensus earnings estimate. Our consensus called for second quarter EPS of 18 cents, and the company reported adjusted EPS of 17 cents.

Its total revenue decreased 11.7% year over year to $3,229 million in the quarter.

Key Stats to Note: The company reiterated its adjusted earnings guidance for 2016 in the range of 95 cents to $1.05 per share.
 
Check back later for our full write up on this AES Corp. earnings report!

AES CORP Price and EPS Surprise

AES CORP Price and EPS Surprise | AES CORP Quote

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