Breaking News
Black Friday SALE: Up to 54% off InvestingPro! Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

AES Q4 Earnings Beat Estimates While Revenues Fall Short

By Zacks Investment ResearchStock MarketsFeb 25, 2021 01:17AM ET
www.investing.com/analysis/aes-q4-earnings-beat-estimates-while-revenues-fall-short-200563333
AES Q4 Earnings Beat Estimates While Revenues Fall Short
By Zacks Investment Research   |  Feb 25, 2021 01:17AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

AES Corporation’s AES fourth-quarter 2020 adjusted earnings of 48 cents per share surpassed the Zacks Consensus Estimate of 45 cents by 6.7%. Moreover, the bottom line improved 37.1% from the year-ago quarter’s 35 cents per share.

Barring a one-time adjustment, the company posted GAAP earnings of 47 cents per share in the reported quarter against the GAAP loss of 12 cents in the prior-year period.

Highlights of the Release

AES Corp. generated total revenues of $2,560 million in the fourth quarter, up 5.3% year over year. The top line, however, lagged the Zacks Consensus Estimate of $2,841 million by 9.9%.

Total cost of sales was $1,654 million in the fourth quarter, down 11.6% year over year. General and administrative expenses were $46 million, down 23.3% from the year-ago quarter’s figure.

Interest expenses were $297 million, up 13.4% from $262 million in the year-earlier period.

In 2020, the company signed PPAs worth 3-Gigawatt (GW), thus bringing the total renewable backlog to 6.9 GW.

Financial Condition

AES Corp. reported cash and cash equivalents of $1,089 million as of Dec 31, 2020 compared with $1,029 million as of Dec 31, 2019.

Non-recourse debt totaled $15,005 million as of Dec 31, 2020, up from $14,914 million as of Dec 31, 2019.

In the fourth quarter of 2020, net cash provided by operating activities was $668 million compared with the year-ago quarter’s $691 million.

Total capital expenditures during the fourth quarter amounted to $525 million, which declined from $777 million incurred in the year-ago quarter.

Guidance

For 2021, AES Corp. initiated its EPS guidance of $1.50-$1.58. The Zacks Consensus Estimate for the current-year earnings is pegged at $1.57, which is near the upper end of the guided range.

Zacks Rank

AES Corp. currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Other Utility Releases

NextEra Energy (NYSE:NEE), Inc. NEE reported fourth-quarter 2020 adjusted earnings of 40 cents per share, which beat the Zacks Consensus Estimate of 39 cents by 2.6%.

Xcel Energy Inc (NASDAQ:XEL). XEL posted fourth-quarter 2020 operating earnings of 54 cents per share, inline with the Zacks Consensus Estimate.

WEC Energy Group (NYSE:WEC) WEC delivered fourth-quarter 2020 earnings per share of 76 cents, which surpassed the Zacks Consensus Estimate of 74 cents by 2.7%.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple (NASDAQ:AAPL) sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.

Click here for the 4 trades >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

WEC Energy Group, Inc. (WEC): Free Stock Analysis Report

Xcel Energy Inc. (XEL): Free Stock Analysis Report

The AES Corporation (AES): Free Stock Analysis Report

NextEra Energy, Inc. (NEE): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research
AES Q4 Earnings Beat Estimates While Revenues Fall Short
 

Related Articles

Trading Point
Can Anything Stop The Stock Market? By Trading Point  - Nov 26, 2021

Stock markets have gone on an absolute rampage this year. The problem is that the factors that initially fueled this rally - heavy government spending and endless central bank...

Anna Coulling
Is This A Fake Move In U.S. Markets? By Anna Coulling - Nov 26, 2021 4

As US markets open in the midst of the Thanksgiving holiday season, it’s been a traumatic start to the end of the week, with all three indices trading sharply lower, with the Dow...

AES Q4 Earnings Beat Estimates While Revenues Fall Short

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email