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AES Corp. (AES) Misses on Q1 Earnings & Revenue Estimates
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The AES Corporation (AES - 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 first quarter for earnings of 20 cents per share remained stable over the last 7 days.
Coming to the earnings surprise, AES Corp. has missed the Zacks Consensus Estimate in the last four quarters, resulting in a negative average surprise of 10.74%.
Zacks Rank: Currently, AES Corp. has a Zacks Rank #4 (Sell). 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.'s earnings missed the consensus earnings estimate. Our consensus called for first quarter EPS of 20 cents, and the company reported adjusted EPS of 17 cents.
Sales Miss: Its total revenue was $3,492 million in the quarter, which missed the Zacks Consensus Estimate of $3,534 million.
Key Stats to Note: The company reaffirmed its adjusted earnings guidance for 2017 in the range of $1.00−$1.10 per share.
Check back later for our full write up on this AES Corp. earnings report!
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>
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AES Corp. (AES) Misses on Q1 Earnings & Revenue Estimates
The AES Corporation (AES - 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 first quarter for earnings of 20 cents per share remained stable over the last 7 days.
Coming to the earnings surprise, AES Corp. has missed the Zacks Consensus Estimate in the last four quarters, resulting in a negative average surprise of 10.74%.
Zacks Rank: Currently, AES Corp. has a Zacks Rank #4 (Sell). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings Miss: AES Corp.'s earnings missed the consensus earnings estimate. Our consensus called for first quarter EPS of 20 cents, and the company reported adjusted EPS of 17 cents.
Sales Miss: Its total revenue was $3,492 million in the quarter, which missed the Zacks Consensus Estimate of $3,534 million.
Key Stats to Note: The company reaffirmed its adjusted earnings guidance for 2017 in the range of $1.00−$1.10 per share.
The AES Corporation Price and EPS Surprise
The AES Corporation Price and EPS Surprise | The AES Corporation Quote
Check back later for our full write up on this AES Corp. earnings report!
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>