AES (AES) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.56%. A quarter ago, it was expected that this power company would post earnings of $0.32 per share when it actually produced earnings of $0.50, delivering a surprise of 56.25%.Over the last four quarters, the company has surp ...

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 ...

Core Insights - The AES Corporation expects to achieve the upper half of its 2024 Adjusted EPS guidance range of $1.87 to $1.97, driven by new renewable projects and growth in U.S. utilities [3][7]. Strategic Accomplishments - The company signed 2.5 GW of new agreements, including 2.2 GW directly with data center customers, and has a total backlog of signed long-term Power Purchase Agreements (PPAs) now at 12.6 GW [1][5]. - Completed the construction or acquisition of 1.6 GW year-to-date in 2024 and is on track to add 3.6 GW of new projects to operations by the end of 2024 [1][5]. Financial Highlights - For Q2 2024, the company reported a diluted EPS of $0.27, compared to a loss of $0.06 in Q2 2023, and a net income attributable to AES of $185 million, compared to a loss of $39 million in the same quarter last year [2][4]. - Adjusted EBITDA for Q2 2024 was $652 million, an increase of $83 million compared to Q2 2023, while Adjusted EBITDA with Tax Attributes was $843 million, up $236 million year-over-year [2][4]. Financial Position and Outlook - The company reaffirms its annualized Adjusted EPS growth target of 7% to 9% through 2025 and 2027, based on 2020 and 2023 guidance, respectively [3][7]. - The 2024 guidance for Adjusted EBITDA is reaffirmed at $2,600 to $2,900 million, with expectations for Adjusted EBITDA with Tax Attributes to be in the upper half of the range of $3,550 to $3,950 million [6][7].

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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分组1: Earnings Overview - Total earnings for S&P 500 companies increased by 7.6% year-over-year, with revenues up by 4.7% [1] - 81.3% of companies beat EPS estimates, while 57.5% exceeded revenue estimates [1] - Expected earnings growth for the second quarter of 2024 is projected at 9.6% with a revenue increase of 4.9% [1] 分组2: Market Trends - Wall Street has experienced a bull run over the past 19 months, primarily driven by big technology stocks and the adoption of generative AI [2] - Many stocks, particularly in rate-sensitive cyclical sectors, did not participate in this rally, presenting potential investment opportunities [2] 分组3: Company-Specific Insights - PayPal Holdings Inc. (PYPL) is expected to benefit from growth in total payments volume and improved customer engagement, with an Earnings ESP of +2.96% for Q2 2024 [3][5] - American Tower Corp. (AMT) is well-positioned for growth due to increased demand from wireless carriers and has an Earnings ESP of +0.71% for Q2 2024 [7][8] - Xcel Energy Inc. (XEL) is focusing on clean power generation and has an Earnings ESP of +6.12% for Q2 2024 [10][11] - The AES Corp. (AES) is transitioning to clean energy and has an Earnings ESP of +10.20% for Q2 2024 [13][14] - American Homes 4 Rent (AMH) aims to simplify the leasing experience and has an Earnings ESP of +2.33% for Q2 2024 [16]

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]

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. 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 dividend yield, a m ...