AES (NYSE: AES) is set to announce its financial results for the second quarter of 2024 on Thursday 1st August 2024. This highly anticipated announcement is scheduled to take place after market close. Investors will have the opportunity to learn more about the company’s performance during the quarter.
The latest projections from financial analysts on Wall Street suggest that the firm is likely to reveal an estimated $0.37 profit per share for the quarter. Additionally, the company is expected to announce revenueS of $3.19 billion for the period.
Wall Street analysts have offered their forecasts for the company’s yearly performance, predicting a total revenue of $13.1 billion. Additionally, they are expecting the company to report profit of $1.92 per share for the fiscal year 2024.
When examining the earnings report from the corresponding quarter of the previous year, it is evident that the company showcased per-share income of $0.21. This numbers can be credited to the company’s total revenue, which amounted to an impressive $3.03 billion during the same quarter.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q1 2024 | $0.50 | +127.3% | 3.09 B | -4.8% |
| Q4 2023 | $0.73 | +49.0% | 2.97 B | -3.0% |
| Q3 2023 | $0.60 | -4.8% | 3.43 B | -5.3% |
| Q2 2023 | $0.21 | -38.2% | 3.03 B | -1.7% |
*Growth on year-over-year basis
The trading day saw AES (AES) shares trading between $17.66 and $18.07, besides a volume of 7.44 million shares. The stock closed Wednesday’s regular trading session at $17.79, reflecting 1.37 percent gain.
