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 second quarter for earnings of 21 cents per share increased by a penny 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 6.59%.
Zacks Rank: Currently, AES Corp. has a Zacks Rank #2 (Buy). 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 Beat: AES Corp.'s earnings surpassed the consensus earnings estimate. Our consensus called for second quarter EPS of 21 cents, and the company reported adjusted EPS of 25 cents.
Sales Beat: Its total revenue was $3,470 million in the quarter, which beat the Zacks Consensus Estimate of $3,211 million.
Check back later for our full write up on this AES Corp. earnings report!
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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 second quarter for earnings of 21 cents per share increased by a penny 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 6.59%.
Zacks Rank: Currently, AES Corp. has a Zacks Rank #2 (Buy). 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 Beat: AES Corp.'s earnings surpassed the consensus earnings estimate. Our consensus called for second quarter EPS of 21 cents, and the company reported adjusted EPS of 25 cents.
Sales Beat: Its total revenue was $3,470 million in the quarter, which beat the Zacks Consensus Estimate of $3,211 million.
Check back later for our full write up on this AES Corp. earnings report!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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