AES Q3 2024 Adj EPS $0.71 Beats $0.64 Estimate, Sales $3.29B Miss $3.46B Estimate
Portfolio Pulse from Benzinga Newsdesk
AES reported Q3 2024 earnings per share of $0.71, surpassing the analyst estimate of $0.64, marking an 18.33% increase from last year. However, sales were $3.29 billion, missing the $3.46 billion estimate and showing a 4.22% decrease from the previous year.
October 31, 2024 | 8:35 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
AES's Q3 2024 earnings per share exceeded expectations, but sales fell short of estimates, indicating mixed financial performance.
AES's earnings per share beat expectations significantly, which is positive for the stock. However, the sales miss and year-over-year decline in revenue could offset the positive EPS impact, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100