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

AES

05/05/2023 13:00

* AES Corp  AES.N  reported quarterly adjusted earnings of
22
cents​​ per share for the quarter ended in March. The mean
expectation of eight analysts for the quarter was for earnings
of 23 cents per share.
    * Revenue rose 13.6% to $3.24 billion from a year ago;
analysts
expected $2.84 billion. 
    * AES Corp's reported EPS for the quarter was 21 cents​.
    * The mean earnings estimate of analysts had fallen by
about 45.5%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * AES Corp shares had fallen by 6.6% this quarter and
lost 21.8%
so far this year.
    * The company reported quarterly net income of $151 million.
    * Wall Street's median 12-month price target for AES Corp is
$30.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
5 at 11:59 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.31           0.34           Beat