AES Corp. (AES) Misses On Q1 Earnings & Revenue Estimates

The AES Corporation (NYSE: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 first quarter for earnings of 20 cents per share remained stable over the last 7 days.

Coming to the earnings surprise, AES Corp. has missed the Zacks Consensus Estimate in the last four quarters, resulting in a negative average surprise of 10.74%.

Zacks Rank: Currently, AES Corp. has a Zacks Rank #4 (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 Miss: AES Corp.'s earnings missed the consensus earnings estimate. Our consensus called for first quarter EPS of 20 cents, and the company reported adjusted EPS of 17 cents.

Sales Miss: Its total revenue was $3,492 million in the quarter, which missed the Zacks Consensus Estimate of $3,534 million.

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

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

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