AES Corp (AES) Misses Q2 EPS by 11c; offers guidance

AES Corp (NYSE: AES) reported Q2 EPS of $0.26, $0.11 worse than the analyst estimate of $0.37. Revenue for the quarter came in at $2.94 billion versus the consensus estimate of $3.07 billion.

GUIDANCE

AES Corp now expects to achieve upper half of 2024 Adjusted EPS1 guidance range of $1.87 to $1.97 versus the consensus of $1.92.

Reaffirming annualized Adjusted EPS1 growth target of 7% to 9% through 2025, off a base of 2020
Reaffirming annualized Adjusted EPS1 growth target of 7% to 9% through 2027, off a base of 2023 guidance

Reaffirming 2024 guidance for Adjusted EBITDA2 of $2,600 to $2,900 million

Reaffirming annualized growth target2 of 5% to 7% through 2027, off a base of 2023 guidance
Now expects 2024 Adjusted EBITDA with Tax Attributes2,3 to be in the upper half of the range of $3,550 to $3,950 million

For earnings history and earnings-related data on AES Corp (AES) click here.

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