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AES Corp.
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AES Q1 adjusted earnings fall short of analyst expectations from SNL Energy Finance Daily AES Q1 adjusted earnings fall short of analyst expectationsByline: 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. |
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