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AES Corp (AES) Q4 Earnings Top Estimate, Down Y/Y

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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 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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