The AES Corporation (AES) is a global power company with generation and distribution businesses. This Arlington, VA-based company recently doubled its quarterly dividend, propelling investor’s interest in the stock.
However, the company has been struggling to keep its costs under control. Moreover, the company’s earnings have suffered over the last two years because of poor hydrology in Latin America.
AES Corp. reported its fourth-quarter 2014 results today. We have mentioned below some of the vital information from this just-revealed announcement:
AES Corp. Reports an Earnings Beat
Our consensus called for fourth quarter EPS of 37 cents, and the company reported EPS of 41 cents.
Revenues Miss Estimates
AES Corp. posted revenues of $4,132 million in fourth quarter, compared to our consensus estimate of $5,960 million.
Key Stats to Note
The company lowered adjusted earnings for 2015 to be in the range of $1.25 to $1.35 per share.
Earnings Estimates
Investors should also take into account the recent earnings estimate revisions for AES Corp. The Zacks Consensus Estimate has remained stable over the last 7 days.
Zacks Rank
Currently, AES Corp. has a Zacks Rank #4 (Sell), but that could definitely change following AES Corp.’s earnings report which was just released.
Check back later for our full write up on this AES Corp. earnings report later!
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