The market expects AES (AES) to deliver flat earnings compared to the year-ago quarter on higher revenues when it reports results for the quarter ended September 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 earnings report, which is expected to be released on October 31, 2024, might help the stock move higher if these key number ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering AES (AES) , which belongs to the Zacks Utility - Electric Power industry. When looking at the last two reports, this power company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 30.90%, on average, in the last two quarters. For the last reported quarter, AES came out with earnings of $0.38 per share versus t ...

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its di ...

Conference Call Details - The AES Corporation will host a conference call on November 1, 2024, at 9:00 a.m. ET to review its Q3 2024 financial results [1] - The call will include prepared remarks and a Q&A session, accessible via telephone and webcast [1] - Participants can dial 1-833-470-1428 (US) or +1-404-975-4839 (international) with access code 132288 [1] - A webcast replay will be available on the AES website shortly after the call [1] Company Overview - AES is a Fortune 500 global energy company focused on delivering greener, smarter energy solutions [2] - The company is committed to innovation, operational excellence, and supporting customers' energy transitions [2] Forward-Looking Statements - The news release contains forward-looking statements related to future earnings, growth, and financial performance [3] - These statements are based on reasonable assumptions, including projections of interest rates, commodity prices, and operational performance [3] SEC Filings and Reports - AES' 2023 Annual Report on Form 10-K, filed on February 26, 2024, is available on the company's website or by request [5] - Investors are encouraged to review AES' SEC filings for detailed risk factors and management discussions [4] Investor and Media Contacts - Investor inquiries can be directed to Susan Harcourt at 703-682-1204 or [email protected] [7] - Media inquiries can be directed to Amy Ackerman at 703-682-6399 or [email protected] [7]

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its di ...

The Utilities sector has been on a tear in 2024, ranking as the second-best performing sector, just after Information Technology. With many companies now trading at valuations above their recent historical averages, finding opportunities at attractive prices has Dr. Joseph Jones, professor at The University of Southern Mississippi, has over fifteen years of experience studying the market. He focuses on portfolio construction from a dividend growth investor's perspective. The opinions and insights expressed ...

Utilities benefit from various favorable factors, such as new electric rates, customer additions, cost management and the implementation of energy-efficiency programs. Also, the ongoing investments to improve the resiliency of electric infrastructure against extreme weather conditions and the ongoing transition to cost-effective, renewable energy sources to produce electricity aid the power industry.Regardless of economic cycles, there is a relatively constant demand for the services offered by utilities, w ...

ARLINGTON, Va. and MONTRÉAL, Sept. 17, 2024 /PRNewswire/ -- The AES Corporation (NYSE: AES) today announced that it reached an agreement to sell a 30% indirect equity interest in AES Ohio to CDPQ, a global investment group, for approximately US$546 million, with closing expected in the first half of 2025.This agreement expands upon AES' existing partnership with CDPQ at AES Indiana and creates a similar ownership structure for the two utilities, with no change in management or operational control of AES Ohi ...

Market Overview - Wall Street experienced strong weekly gains, with the S&P 500 and Nasdaq marking their best week of the year, driven by rising expectations for a significant interest rate cut by the Federal Reserve [1] - The Nasdaq rose over 5%, the S&P 500 gained 4%, and the Dow increased by 2% amid a volatile market [1] Interest Rate Expectations - Anticipation for a half-point interest rate cut by the Federal Reserve increased, with traders now assigning a 49% probability to a 50-basis point cut next week, up from 15% on September 12, 2024 [2] - Reports from Financial Times and The Wall Street Journal indicated that the Fed's decision on September 18 will be closely contested, with former New York Fed President Bill Dudley suggesting a "strong case" for a deeper rate cut [2] Treasury Yields - The yield on the benchmark 10-year Treasury fell to 3.66% on September 13, 2024, down from 3.70% on September 9, 2024, reflecting market uncertainty regarding the Fed's rate cut decision [3] Winning Stocks of the Week - **Broadcom (AVGO)**: Stock rose 20.8% last week; the company is a global supplier of semiconductor devices, focusing on complex digital and mixed signal CMOS-based devices [3][4] - **Warner Bros. Discovery (WBD)**: Stock increased by 17.1% last week; the company is a global media and entertainment entity that recently announced a deal with Charter Communications to include its Max streaming service in standard cable packages [4] - **Super Micro Computer (SMCI)**: Stock rose 16.4% last week; the company designs and manufactures energy-efficient server solutions [5] - **Vistra (VST)**: Stock increased by 14.2% last week; the energy company announced a license extension for one of its plants, contributing to its stock surge [5] - **AES Corp (AES)**: Stock rose 14.2% last week; the global power company has a strong earnings surprise average of 19.18% over the past four quarters [6]

Market Overview - September is historically the worst-performing month for U.S. stock markets, with significant losses observed in the first week of September 2024, although the last week showed improvement as the best week of the year [1] - High expectations are set for the Federal Reserve to initiate interest rate cuts in the upcoming September FOMC meeting, with the current rate at a 23-year high of 5.25-5.5% [1] Investment Opportunities - Investment in stocks with high dividend yields and strong short-term price appreciation potential is recommended to enhance portfolio returns [2] Company Analysis: The AES Corp. - The AES Corp. is leading the utility industry's transition to clean energy, completing the construction or acquisition of 976 megawatts (MW) of renewable energy sources in Q2 2024 [3] - AES has signed agreements for 1.2 GW of new data center load and plans to add up to 1,300 MW of renewable energy by 2027 [3] - Expected revenue and earnings growth rates for AES are 0.8% and 8% respectively, with a current dividend yield of 3.72% [3] Price Target for AES - The short-term average price target for AES indicates a potential appreciation of 22.1% from the last closing price of $18.54, with a target range of $19-$25 [4] Company Analysis: Pfizer Inc. - Pfizer is a major player in oncology, with oncology sales contributing over 26% of total revenues and growing 23% operationally in H1 2024 [5] - The company is investing in various therapeutic areas, including oncology, internal medicine, and vaccines [5] - Expected revenue and earnings growth rates for Pfizer are 5.1% and 42.4% respectively, with a current dividend yield of 5.74% [5] Price Target for Pfizer - The short-term average price target for Pfizer suggests a potential appreciation of 13.9% from the last closing price of $29.27, with a target range of $27-$45 [6] Company Analysis: Unum Group - Unum's conservative pricing and strong sales volume have led to profitability, with geographic expansion contributing to growth in acquired dental insurance businesses [8] - The company expects sales growth of 8-12%, premium growth of 4-7%, and adjusted operating EPS growth of 10-15% in the long term [8] - Expected revenue and earnings growth rates for Unum are 4.4% and 10.6% respectively, with a current dividend yield of 3.05% [8] Price Target for Unum - The short-term average price target for Unum indicates a potential appreciation of 16.9% from the last closing price of $55.02, with a target range of $52-$73 [9]