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AES Corp. (AES) Q1 Earnings Top Estimate, Misses on Sales
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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 2018 for earnings of 25 cents per share remained stable over the last 7 days.
Coming to the earnings surprise, AES Corp. has surpassed the Zacks Consensus Estimate in two of the last four quarters, resulting in a positive average surprise of 5.30%.
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 Beat: AES Corp.'s earnings surpassed the consensus earnings estimate. Our consensus called for first-quarter EPS of 25 cents, and the company reported adjusted EPS of 28 cents.
Sales Miss: Its total revenue was $2,740 million in the quarter, which missed the Zacks Consensus Estimate of $3,446 million.
Key Stats to Note: The company reaffirmed its adjusted earnings guidance for 2018 in the range of $1.15−$1.25 per share.
Check back later for our full write up on this AES Corp. earnings report!
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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.
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AES Corp. (AES) Q1 Earnings Top Estimate, Misses on Sales
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 2018 for earnings of 25 cents per share remained stable over the last 7 days.
Coming to the earnings surprise, AES Corp. has surpassed the Zacks Consensus Estimate in two of the last four quarters, resulting in a positive average surprise of 5.30%.
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 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 first-quarter EPS of 25 cents, and the company reported adjusted EPS of 28 cents.
Sales Miss: Its total revenue was $2,740 million in the quarter, which missed the Zacks Consensus Estimate of $3,446 million.
The AES Corporation Price and EPS Surprise
The AES Corporation Price and EPS Surprise | The AES Corporation Quote
Key Stats to Note: The company reaffirmed its adjusted earnings guidance for 2018 in the range of $1.15−$1.25 per share.
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>>