Recap: AES Q3 Earnings

Shares of AES AES were unchanged after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 12.50% over the past year to $0.42, which missed the estimate of $0.43.

Revenue of $2,545,000,000 decreased by 3.05% year over year, which missed the estimate of $2,700,000,000.

Outlook

The upcoming fiscal year's EPS expected to be between $1.42 and $1.42.

AES hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Nov 06, 2020

Time: 09:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Faescorp2020cr.q4web.com%2F&eventid=2632112&sessionid=1&key=04A6D514A7F6746DDA9BB8886478C22A&regTag=&sourcepage=register

Price Action

52-week high: $21.28

Company's 52-week low was at $8.11

Price action over last quarter: Up 22.20%

Company Profile

AES is a global power company with businesses in 14 countries. It has a portfolio of more than 100 power plants and wind and solar farms. Its current construction program will increase its net generating capacity to over 35 gigawatts. AES also has majority ownership and operates six electric utilities distributing power to 2.4 million customers in the U.S. and El Salvador. AES is one of the world leaders in utility-scale energy storage in its Fluence joint venture with Siemens.