AES Reaffirms Expectation Of Achieving Upper Half Of 2024 Adjusted EPS Guidance Range Of $1.87 - $1.97, Est $1.92
Portfolio Pulse from Benzinga Newsdesk
AES has reaffirmed its expectation to achieve the upper half of its 2024 adjusted EPS guidance range of $1.87 - $1.97, with an estimate of $1.92. The company also maintains its annualized adjusted EPS growth target of 7% to 9% through 2025 and 2027. However, AES expects its 2024 adjusted EBITDA to be towards the low end of the $2,600 to $2,900 million range due to extreme weather in Colombia and lower margins in the Energy Infrastructure SBU.
October 31, 2024 | 8:38 pm
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AES reaffirms its 2024 EPS guidance, aiming for the upper half of the $1.87-$1.97 range, and maintains growth targets. However, it expects 2024 EBITDA to be at the low end due to weather impacts in Colombia and lower margins.
AES's reaffirmation of its EPS guidance and growth targets is positive, but the expectation of lower EBITDA due to external factors like weather and margins tempers the outlook. This mixed news results in a neutral short-term impact.
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