AES Reaffirms FY24 Adj. EPS $1.87-$1.97 Vs $1.91 Est.
Portfolio Pulse from Benzinga Newsdesk
AES Corporation has reaffirmed its adjusted earnings per share (EPS) guidance for fiscal year 2024, projecting a range of $1.87 to $1.97, which aligns closely with the analyst estimate of $1.91.
May 02, 2024 | 9:22 pm
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AES Corporation reaffirms its FY24 adjusted EPS guidance to be between $1.87 and $1.97, in line with analyst expectations.
Reaffirming guidance, especially when it aligns with analyst estimates, tends to instill confidence in investors about the company's financial health and future performance. This announcement from AES is likely to have a positive impact on investor sentiment and could lead to a short-term uplift in the stock price, given it reassures the market of AES's stability and growth prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100