AES Corp reports results for the quarter ended June 30 - Earnings Summary

• AES Corp AES.N reported quarterly adjusted earnings of 51 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 38 cents. The mean expectation of nine analysts for the quarter was for earnings of 40 cents per share. Wall Street expected results to range from 32 cents to 52 cents per share.

• Revenue fell 3% to $2.86 billion from a year ago; analysts expected $3.01 billion.

• AES Corp's reported EPS for the quarter was a loss of 15 cents​.

• AES Corp shares had risen by 24.3% this quarter and gained 1.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 13.5% 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 "hold" and the breakdown of recommendations is 9 "strong buy" or "buy," 4 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the electric utilities peer group is "buy."

• Wall Street's median 12-month price target for AES Corp is $14.00, about 6.1% above its last closing price of $13.15

This summary was machine generated from LSEG data July 31 at 10:45 p.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)