The AES Corporation (NYSE:AES) is set to announce third quarter earning results on Friday 6th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, AES to report 3Q20 income of $ 0.43 per share.
For the full year, analysts anticipate top line of $ 10188.40 million, while looking forward to income of $ 1.37 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.32 ~ $ 1.42 per share
Click Here For More Historical Outlooks Of The AES Corporation
Previous Quarter Performance
The AES Corporation came out with income for the second quarter of $ 0.25 per share, from the revenue of $ 2,217.00 million. The quarterly earnings 3.85 percent while revenues contracted 10.71 percent compared with the same quarter last year.
According to street consensus, AES was expected to report 2Q20 income of $ 0.23 per share from revenue of $ 2561.07 million. The bottom line results beat street analysts by $ 0.02 or 8.70 percent, at the same time, top line results fell short of analysts by $ 344.07 million or 13.43 percent.
Stock Performance
Shares of The AES Corporation traded up $ 1.03 or 5.17 percent on Thursday, reaching $ 20.97 with volume of 5.58 million shares. The AES Corporation has traded high as $ 21.28 and has cracked $ 20.10 on the downward trend
According to the previous trading day, closing price of $ 20.97, representing a 145.87 % increase from the 52 week low of $ 8.11 and a 6.3 % decrease over the 52 week high of $ 21.28.
The company has a market capital of $ 13.95 billion and is part of the Utilities sector and Utilities – Diversified industry.
Recent Analyst recommendations
- On 18th September 2020, maintained by Morgan Stanley at Overweight rating, with $ 23.50 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.1433 per share on October 16, 2020. The dividend were payable on November 16, 2020 to holders of record as of the close of business on October 30, 2020 and ex-dividend date on October 29, 2020.
Conference Call
The AES Corporation will be hosting a conference call at 9:00 AM eastern time on 6th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.aes.com
The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market.
