The AES Corp Sees Upper Half Of 2024 EPS $1.87-$1.97; Reaffirming EPS Growth Rate Target Of 7%-9% Through 2025, Off A Base Of 2020; Reaffirming EPS Growth Rate Target Of 7%-9%, Off A Base Of 2023 Guidance
Portfolio Pulse from Benzinga Newsdesk
The AES Corp has updated its financial outlook, expecting to achieve the upper half of its 2024 Adjusted EPS guidance range of $1.87 to $1.97. The company reaffirmed its annualized Adjusted EPS growth target of 7% to 9% through 2025, based on 2020, and through 2027, based on 2023 guidance. Additionally, AES reaffirmed its 2024 guidance for Adjusted EBITDA of $2,600 to $2,900 million and expects 2024 Adjusted EBITDA with Tax Attributes to be in the upper half of the range of $3,550 to $3,950 million.
August 01, 2024 | 8:42 pm
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AES Corp expects to achieve the upper half of its 2024 Adjusted EPS guidance range of $1.87 to $1.97 and reaffirms its annualized Adjusted EPS growth target of 7% to 9% through 2025 and 2027. The company also reaffirmed its 2024 guidance for Adjusted EBITDA of $2,600 to $2,900 million.
AES Corp's reaffirmation of its financial targets and expectations to achieve the upper half of its 2024 Adjusted EPS guidance range is a positive indicator for investors. The reaffirmed growth targets and EBITDA guidance suggest strong financial health and potential for stock price appreciation in the short term.
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