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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