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

AES

02/11/2023 22:37

* AES Corp  AES.N  reported quarterly adjusted earnings of
60
cents​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of 63
cents.  The mean expectation of eight analysts for the quarter
was for earnings of 54 cents per share. Wall Street expected
results to range from 53 cents to 55 cents per share.
    * Revenue fell 5.3% to $3.43 billion from a year ago;
analysts
expected $3.57 billion. 
    * AES Corp's reported EPS for the quarter was 32 cents​.
    * The company reported quarterly net income of $231 million.
    * AES Corp shares had fallen by 2.3% this quarter and
lost 48.4%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 7.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electric
utilities
peer group is also "buy"

Wall Street's median 12-month price target for AES Corp is
$23.00 
This summary was machine generated from LSEG data November 2 at
10:36 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.54           0.60           Beat
 Jun. 30 2023      0.22           0.21           Missed
 Mar. 31 2023      0.23           0.22           Missed
 Dec. 31 2022      0.46           0.49           Beat