The AES Corp (NYSE: AES) has reported E.P.S. of $0.62 for its first fiscal quarter (ending March 31) versus $0.22 for the same period a year ago — an increase of 182%. This result exceeded the consensus estimate of $0.38 by $0.24. For the latest four quarters through March 31, E.P.S. were $0.75 compared to $-0.77 a year ago.
Recent Price Action
The AES Corp (NYSE: AES) stock enjoyed a large increase of 4.2% on 5/2/24. The stock closed at $18.93. This advance was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has risen 9.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, AES is expected to continue to be a major Value Builder.
AES has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. AES has a neutral Appreciation Score of 51 and a slightly negative Power Rating of 39, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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