AES Q1 adjusted earnings fall short of analyst expectations | AES Message Board Posts


AES   /  Message Board  /  Read Message

 

 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message    Post Message    Post a Reply return to message boardtop of board
Msg  14 of 16  at  5/11/2021 7:10:00 AM  by

jerrykrause


AES Q1 adjusted earnings fall short of analyst expectations

 from SNL Energy Finance Daily
 
 

AES Q1 adjusted earnings fall short of analyst expectations

 
 
Byline: Maryam Adeeb
 
 

The AES Corp. on May 6 reported first-quarter adjusted earnings of $247 million, or 28 cents per share, compared with $250 million, or 29 cents per share, in the prior-year quarter.

The S&P Capital IQ consensus normalized EPS estimate for the quarter was 30 cents.

Net cash provided by operating activities totaled $253 million, a drop from $373 million in the year-ago quarter.

On a GAAP basis, AES posted a net loss attributable to the company of $148 million, or 22 cents per share, compared with net income of $144 million, or 22 cents per share, in the same quarter in 2020.

Revenue came at $2.64 billion, an increase from $2.34 billion a year earlier.

Looking ahead, AES reaffirmed its 2021 adjusted EPS guidance range of $1.50 to $1.58. The company also reaffirmed its average annual growth rate target of 7% to 9% through 2025, from a base year of 2020.

 


     e-mail to a friend      printer-friendly     add to library      
|  
Recs: 0  
   Views: 0 []
Previous Message  Next Message    Post Message    Post a Reply return to message boardtop of board




Financial Market Data provided by
.
Loading...