S&P 500 (NYSE:SPY) component The AES Corp (NYSE:AES) will unveil its latest earnings on Monday, August 1, 2011. AES Corporation is a global generator and distributor of electrical power. Its two primary types of businesses 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 24 cents per share, a rise of 4.3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 28 cents. Between one and three months ago, the average estimate was unchanged, but has since dropped during the last month. For the year, analysts are projecting profit of $1.03 per share, a rise of 9.6% from last year.
Past Earnings Performance: The company beat estimates last quarter after falling short in the prior two. In the first quarter, the company reported net income of 29 cents per share versus a mean estimate of profit of 26 cents per share. In the fourth quarter of the last fiscal year, the company missed estimates by 2 cents.
Wall St. Revenue Expectations: On average, analysts predict $3.58 billion in revenue this quarter, a decline of 10.9% from the year ago quarter. Analysts are forecasting total revenue of $15.84 billion for the year, a decline of 4.9% from last year’s revenue of $16.65 billion.
Analyst Ratings: Analysts are bullish on this stock with four analysts rating it as a buy, none rating it as a sell and none rating it as a hold.
Revenue has risen the past four quarters. Revenue increased 3.7% to $4.26 billion in first quarter. The figure rose 29.2% in the fourth quarter of the last fiscal year from the year earlier, climbed 8.2% in the third quarter of the last fiscal year from the year-ago quarter and 15.1% in the second quarter of the last fiscal year.
Competitors to Watch: DPL Inc. (NYSE:DPL), NRG Energy, Inc. (NYSE:NRG), Constellation Energy Group, Inc. (NYSE:CEG), Companhia Energetica Minas Gerais (NYSE:CIG), Dynegy Inc. (NYSE:DYN), Enersis S.A. (NYSE:ENI), EDENOR S.A. (NYSE:EDN), Duke Energy Corporation (NYSE:DUK), Intl. Power plc (IPRPY), and Empresa Nacional de Electricidad (NYSE:EOC).
Stock Price Performance: During May 2, 2011 to July 27, 2011, the stock price had fallen 48 cents (-3.6%) from $13.19 to $12.71. The stock price saw one of its best stretches over the last year between October 4, 2010 and October 13, 2010 when shares rose for eight-straight days, rising 10.1% (+$1.15) over that span. It saw one of its worst periods between March 9, 2011 and March 16, 2011 when shares fell for six-straight days, falling 8.7% (-$1.17) over that span. Shares are up 53 cents (+4.4%) year to date.
(Source: Xignite Financials)