The AES Corp First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component The AES Corp (NYSE:AES) will unveil its latest earnings on Friday, May 4, 2012. AES is a global generator and distributor of electrical power. Its two primary types of businesses are generation and utilities. The former owns and operates power plants from which the company generates power to sell to wholesale customers; the latter owns and operates facilities to transmit and sell electricity to residential and commercial customers. .

The AES Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 29 cents per share, no change from the company’s actual earnings in the year-ago quarter. During the past three months, the average estimate has moved up from 28 cents. Between one and three months ago, the average estimate moved up. It has dropped from 32 cents during the last month. Analysts are projecting profit to rise by 28% versus last year to $1.28.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the fourth quarter of the last fiscal year, the company reported profit of 20 cents per share versus a mean estimate of net income of 20 cents per share. In the third quarter of the last fiscal year, the company beat estimates by 7 cents.

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Analyst Ratings: Analysts are bullish on this stock, with five analysts rating it as a buy, none rating it as a sell and none rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, the company’s loss narrowed to a loss of $209 million (27 cents a share) from a loss of $436 million (57 cents) a year earlier, meeting analyst expectations. Revenue fell 5.6% to $4.16 billion from $4.4 billion.

Key Stats:

On the top line, the company is looking to get back on the right track after last quarter’s drop snapped a string of revenue increases. Revenue rose 3.7% in the first quarter of the last fiscal year, 13% in the second quarter of the last fiscal year and 5.5%in the third quarter of the last fiscal year before dropping in the fourth quarter of the last fiscal year.

Stock Price Performance: Between March 2, 2012 and April 30, 2012, the stock price had fallen 97 cents (-7.2%), from $13.49 to $12.52. The stock price saw one of its best stretches over the last year between April 23, 2012 and April 30, 2012, when shares rose for six straight days, increasing 3.9% (+47 cents) over that span. It saw one of its worst periods between July 25, 2011 and August 4, 2011 when shares fell for nine straight days, dropping 16.5% (-$2.13) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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