Will AES Corp (AES) Disappoint Investors In Q4 Earnings?
Zacks Investment Research | Feb 21, 2018 09:16PM ET
The AES Corporation (NYSE:AES) is set to release fourth-quarter 2017 results, before the opening bell on Feb 27.
Last quarter, the company posted a negative earnings surprise of 17.24%. Moreover, it failed to surpass the Zacks Consensus Estimate in the trailing four quarters, the average earnings miss being 3.99%.
Let’s see how things are shaping up prior to this announcement.
Factors at Play
On Oct 2, 2017, AES Corp. transferred 100% of its shares in Shulbinsk HPP and Ust-Kamenogorsk HPP to the Republic of Kazakhstan in accordance with the termination of the concession agreement. As a result, the company anticipates a loss on disposal of at least $37 million in the fourth quarter of 2017.
In December 2017, AES Corp. had hiked its quarterly common stock dividend by 3%. This indicates improved cash inflow from operating activities which we believe will duly get reflected in the upcoming quarterly results.
For the soon-to-be-reported quarter, the Zacks Consensus Estimate for earnings of 32 cents per share projects a decline of 8.6%, while the same for revenues of $3.67 billion shows a rise of 3.6% on a year-over-year basis.
Earnings Whisper
Our proven model does not conclusively show an earnings beat for AES Corp. this quarter. Notably, a stock needs to have both a positive Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.