The consensus price target hints at a 34.1% upside potential for AES (AES). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does AES (AES) have what it takes?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The AES Corporation (NYSE:AES ) Q2 2024 Earnings Conference Call August 2, 2024 10:00 AM ET Company Participants Susan Harcourt - Vice President of Investor Relations Andres Gluski - President and Chief Executive Officer Steve Coughlin - Chief Financial Officer Conference Call Participants Durgesh Chopra - Evercore ISI Richard Sunderland - J.P. Morgan Antoine Aurimond - Jefferies David Arcaro - Morgan Stanley Michael Sullivan - Wolfe Research Willard Grainger - Mizuho Angie Storozynski - Seaport Biju Perincheril - SIG Operator Hello, everyone, and a warm welcome to the AES Corporation Q2 2024 Financial Review Call.
AES' second-quarter earnings beat estimates, while revenues lag the same. The company now expects to generate a bottom line in the upper half of its earlier announced 2024 EPS outlook.
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.
The average of price targets set by Wall Street analysts indicates a potential upside of 29.1% in AES (AES). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
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AES' Q2 results are likely to reflect the benefits of favorable contributions from its renewable projects amid the impacts of high interest expenses.
We have narrowed our search to five beaten-down stocks that are poised to beat on earnings results next week. These are: PYPL, AMT, XEL, AES, AMH.
AES (AES) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.