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 third quarter for earnings of 32 cents per share remained stable over the last 7 days.
Coming to the earnings surprise, AES Corp. has missed the Zacks Consensus Estimate in two out of last four quarters, resulting in a negative average surprise of 6.45%.
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. You can seethe 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 Meet: AES Corp.'s earnings came in line with the consensus earnings estimate. Our consensus called for third quarter EPS of 32 cents, and the company also reported adjusted EPS of 32 cents.
Sales Miss: Its total revenue was $3,542 million in the quarter, which missed the Zacks Consensus Estimate of $3,848 million.
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!
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