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 fourth quarter 2018 for earnings of 33 cents per share remained stable over the last 7 days.
Coming to the earnings surprise, AES Corp. has surpassed the Zacks Consensus Estimate in three of the last four quarters, resulting in a positive average surprise of 14.09%.
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 fourth-quarter EPS of 33 cents, and the company reported adjusted EPS of 36 cents.
Sales Miss: Its total revenue was $2.62 billion in the quarter, which missed the Zacks Consensus Estimate of $2.71 billion.
Key Stats to Note: The company announced its adjusted earnings guidance for 2019 in the range of $1.28-$1.40 per share.
Check back later for our full write up on this AES Corp. earnings report!
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