• AES Corp 1Q Adjusted EPS (Earnings Per Share) beat estimates with 50c vs the expected 22c y/y
• The Company’s revenue stood at $3.09 billion, representing a decrease of 4.8% y/y, which was slightly lower than the estimated $3.17 billion
• Capital expenditure increased by 38% y/y to $2.15 billion, significantly higher than the average estimate of $1.32 billion
• The Company reaffirms its expectation for annualized growth in Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of 5-7% through 2027 from its 2023 guidance of $2.6-$2.9 billion
• Projections for the 2024 Adjusted EBITDA with Tax Attributes are placed at $3.55-$3.95 billion, this growth is expected to be driven by new renewables
• Reaffirmation of the annualized growth target for Adjusted EPS of 7-9% through 2025, based on the year 2020
• The Company also sticks to its annualized growth target for Adjusted EPS of 7-9% through 2027 based on its 2023 guidance of $1.65-$1.75
• There are currently 10 buys, 4 holds, and 0 sells for AES Corp stock
A look at Aes Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Aes Corp is positioned for a positive long-term outlook. With a high score in Growth and Dividend, the company shows promising signs of expansion and profitability. This indicates strong potential for continued development and stable dividends for investors. Although scoring lower in Value and Resilience, the company’s momentum score is solid, suggesting a favorable market traction and performance.
The AES Corporation, a global entity with a diverse portfolio ranging from generation plants to alternative energy sources, presents a robust profile for investors. With a focus on providing electricity through long-term contracts and regulated utility services, the company also engages in coal mining and environmental initiatives such as water treatment. The high scores in Growth and Dividend indicate a promising future for Aes Corp, highlighting its potential for sustained growth and shareholder returns in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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