A Preview Of AES's Earnings
Portfolio Pulse from Benzinga Insights
AES (NYSE:AES) is scheduled to release its quarterly earnings report on February 26, 2024, with analysts estimating an EPS of $0.67. Historical data shows AES's stock price reacts to earnings beats and guidance. Last quarter, AES beat the EPS estimate by $0.06, leading to an 8.32% stock price increase. Over the past year, AES shares have declined by 35.53%.
February 23, 2024 | 3:01 pm
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AES is expected to announce its quarterly earnings with an anticipated EPS of $0.67. Historical performance indicates potential stock price movement based on earnings outcomes and future guidance.
Given AES's history of stock price movements following earnings reports and guidance announcements, there is a potential for positive short-term impact if AES beats the EPS estimate and provides favorable future guidance. The anticipation of this event, based on past performance where a beat in EPS estimate led to an 8.32% increase in stock price, suggests a likely positive reaction if the trend continues. However, the overall negative performance over the past year indicates investor sentiment may be cautious.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100