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AES Corp. (AES) Misses Q3 Earnings Estimates, Sales Beat

Zacks Equity Research

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!

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