The AES Corporation (AES – Analyst Report) is a global power company with generation and distribution businesses. This Arlington, VA-based company recently doubled its quarterly dividend, propelling investor’s interest in the stock.
However, the company has been struggling to keep its costs under control. Moreover, the company’s earnings have suffered over the last two years because of poor hydrology in Latin America.
AES Corp. reported its first-quarter 2015 results today. We have mentioned below some of the vital information from this just-revealed announcement:
Earnings Miss: Our consensus called for first quarter EPS of 28 cents, and the company reported adjusted EPS of 25 cents.
Revenues Miss: AES Corp. posted revenues of $3,984 million in first quarter, compared to our consensus estimate of $4,982 million.
Key Stats to Note
The company maintained its adjusted earnings for 2015 in the range of $1.25 to $1.35 per share.
Zacks Rank
Currently, AES Corp. has a Zacks Rank #3 (Hold), but that could definitely change following AES Corp.’s earnings report which was just released.
