AES Corp reports results for the quarter ended March 31 - Earnings Summary

• AES Corp AES.N reported quarterly adjusted earnings of 27 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 50 cents. The mean expectation of nine analysts for the quarter was for earnings of 35 cents per share. Wall Street expected results to range from 23 cents to 46 cents per share.

• Revenue fell 5.2% to $2.93 billion from a year ago; analysts expected $3.05 billion.

• AES Corp's reported EPS for the quarter was 7 cents​.

• AES Corp shares had fallen by 20.9% this quarter and lost 23.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 25.5% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 5 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the electric utilities peer group is also "buy"

• Wall Street's median 12-month price target for AES Corp is $15.00

This summary was machine generated from LSEG data May 2 at 04:22 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)