Press Release Investor Contact: Susan Harcourt 703-682-1204, susan.harcourt@aes.com Media Contact: Amy Ackerman 703-682-6399, amy.ackerman@aes.com AES Reports Record Sales with Data Center Hyperscalers Now Expects to Achieve Upper Half of 2024 Adjusted EPS Guidance Range Strategic Accomplishments Q2 2024 Financial Highlights Financial Position and Outlook ARLINGTON, Va., August 1, 2024 – The AES Corporation (NYSE: AES) today reported financial results for the quarter ended June 30, 2024. Pre-tax effect of P ...

Now Expects to Achieve Upper Half of 2024 Adjusted EPS Guidance RangeStrategic AccomplishmentsSigned 2.5 GW of new agreements, including 2.2 GW directly with data center customersSigned agreements to support 1.2 GW of new data center load at US utilities; in advanced negotiations for up to another 3 GW over the next 12 monthsSigned 15-year PPAs for 727 MW of wind and solar to serve data center growth in TexasSigned a 310 MW retail supply agreement to support data centers throughout OhioTotal backlog of sign ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________________________________________________________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-12291 THE AES CORPORATION (Exact name of registrant as specified in it ...

Shares of AES (AES) have gained 0.9% over the past four weeks to close the last trading session at $17.59, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $22.71 indicates a potential upside of 29.1%.The average comprises seven short-term price targets ranging from a low of $19 to a high of $25, with a standard deviation of $1.98. While the lowest estimate indicates an increase ...

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We are in the initial stage of the second-quarter 2024 earnings period. So far, the results exceeded expectations. As of Jul 24, 134 companies of the S&P 500 Index — popularly known as Wall Street’s broad-market index — reported their quarterly financial numbers. Total earnings for these index members increased 7.6% from the same period last year on 4.7% higher revenues, with 81.3% beating EPS estimates and 57.5% beating revenue estimates. At present, total earnings of the S&P 500 Index in the second quarte ...

The market expects AES (AES) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August ...

Group 1 - The core viewpoint is that AES is well-positioned to continue its earnings-beat streak in the upcoming report, supported by a strong history of exceeding earnings estimates [1][2] - AES has an average surprise of 31.02% over the past two quarters, with the last reported earnings of $0.50 per share surpassing the consensus estimate of $0.32 per share by 56.25% [1] - The previous quarter also showed a positive surprise, with actual earnings of $0.73 per share against an expected $0.69 per share, resulting in a 5.80% surprise [1] Group 2 - Estimates for AES have been trending higher due to its history of earnings surprises, and the stock has a positive Zacks Earnings ESP of +10.20%, indicating bullish sentiment among analysts [2][3] - The combination of a positive Earnings ESP and a Zacks Rank 2 (Buy) suggests a high likelihood of another earnings beat for AES [3] - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [2]

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