AES Q4 Adj EPS $0.73 Beats $0.67 Estimate, Sales $2.97B Miss $3.36B Estimate
Portfolio Pulse from Benzinga Newsdesk
AES reported Q4 adjusted earnings of $0.73 per share, surpassing the $0.67 estimate, marking a 48.98% increase from last year. However, their sales of $2.97B fell short of the $3.36B estimate, a 3.01% decrease from the previous year.
February 26, 2024 | 10:29 pm
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AES's Q4 earnings exceeded expectations at $0.73 per share, a significant increase from last year, but sales missed estimates, showing a slight decline.
The positive earnings beat could provide a short-term boost to AES's stock price due to the better-than-expected profit performance. However, the miss on sales estimates and the year-over-year decline in revenue could temper investor enthusiasm, potentially leading to a neutral overall impact in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100