AES Corp reports results for the quarter ended in June - Earnings Summary

AES

04/08/2023 24:30

* AES Corp  AES.N  reported quarterly adjusted earnings of
21
cents​​ per share for the quarter ended in June. The mean
expectation of ten analysts for the quarter was for earnings of
24 cents per share.
    * Revenue fell 1.7% to $3.03 billion from a year ago;
analysts
expected $3.08 billion. 
    * AES Corp's reported EPS for the quarter was a loss of 6
cents​.
    * The mean earnings estimate of analysts had fallen by
about 18.5%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates 
    * AES Corp shares had risen by 1.5% this quarter and
lost 26.8% so
far this year.
    * The company reported a quarterly loss of $39 million.
    * Wall Street's median 12-month price target for AES Corp is
$29.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 11:29 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.24           0.21           Missed
 Mar. 31 2023      0.23           0.22           Missed
 Dec. 31 2022      0.46           0.49           Beat
 Sep. 30 2022      0.53           0.63           Beat