U.S. Markets close in 6 hrs 10 mins

AES Corp. (AES) Q4 Earnings Miss, Beats on Sales Estimate

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 fourth quarter for earnings of 36 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 out of last four quarters, resulting in a negative average surprise of 9.29%.
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 Miss: AES Corp.'s earnings missed the consensus earnings estimate. Our consensus called for fourth quarter EPS of 36 cents, and the company reported adjusted EPS of 35 cents.

Sales Beat: Its total revenue was $3,544 million in the quarter, which surpassed the Zacks Consensus Estimate of $3,360 million.

Key Stats to Note: The company provided its adjusted earnings guidance for 2017 in the range of $1.00−$1.10 per share.

The AES Corporation Price and EPS Surprise

The AES Corporation Price and EPS Surprise | The AES Corporation Quote

Check back later for our full write up on this AES Corp. earnings report!

A Full-Blown Technological Breakthrough in the Making Zacks’ Aggressive Growth Strategist Brian Bolan explores autonomous cars in our latest Special Report, Driverless Cars: Your Roadmap to Mega-Profits Today. In addition to who will be selling them and how the auto industry will be impacted, Brian reveals 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>

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
The AES Corporation (AES): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research