The AES Corporation AES 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 third quarter for earnings of 29 cents per share remained stable over the last 7 days.
Coming to the earnings surprise, AES Corp. has missed the Zacks Consensus Estimate in three of the last four quarters, resulting in a negative average surprise of 0.44%.
Zacks Rank: Currently, AES Corp. has a Zacks Rank #4 (Sell). 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 Miss: AES Corp.'s earnings missed the consensus earnings estimate. Our consensus called for third quarter EPS of 29 cents, and the company reported adjusted EPS of 24 cents.
Sales Beat: Its total revenue was $3,632 million in the quarter, which beat the Zacks Consensus Estimate of $3,542 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 2017 in the range of $1.00−$1.10 per share.
Check back later for our full write up on this AES Corp. earnings report!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
Click here for Zacks' private trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment