AES Corp. (AES) Tops Q4 Earnings Estimates, Misses on Sales
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 2017 for earnings of 32 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 3.99%.
Zacks Rank: Currently, AES Corp. has a Zacks Rank #5 (Strong 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 Beat: AES Corp.'s earnings surpassed the consensus earnings estimate. Our consensus called for fourth-quarter EPS of 32 cents, and the company reported adjusted EPS of 43 cents.
Sales Miss: Its total revenue was $2,643 million in the quarter, which missed the Zacks Consensus Estimate of $3,671 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 provided its adjusted earnings guidance for 2018 in the range of $1.15−$1.25 per share.
Check back later for our full write up on this AES Corp. earnings report!
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