Arlington, Virginia-based The AES Corporation (AES) is a diversified power generation and utility company in the U.S. and internationally. With a market cap of $12.1 billion, it operates a generation portfolio of approximately 34,596 megawatts and distributes power to 2.6 million customers. The company is expected to announce its Q2 earnings after the market closes on Thursday, Aug. 1.
Ahead of the event, analysts expect AES to report a profit of $0.27 per share, up 28.6% from $0.21 per share reported in the year-ago quarter. The company has surpassed Wall Street’s EPS estimates in three of the past four quarters while missing on one other occasion. AES reported an EPS of $0.50 in the most recent quarter, exceeding the consensus estimates by 56.3%.
