The AES Corporation (AES - Free Report) is set to release second-quarter 2018 results, before the opening bell on Aug 7.
In the last reported quarter, the company delivered a positive earnings surprise of 12%. Moreover, it surpassed the Zacks Consensus Estimate in three of the trailing four quarters, the average beat being 12.05%.
Let’s see how things are shaping up prior to this announcement.
Why a Likely Positive Surprise
Our proven model shows that AES Corp. is likely to beat estimates this quarter. Notably, a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. Impressively, the company has these attributes, as mentioned below:
Earnings ESP: The company has an Earnings ESP of +3.01%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: AES Corp. currently carries a Zacks Rank #3, which along with a positive Earnings ESP indicates at possible earnings beat.
Please note that we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
The AES Corporation Price and EPS Surprise