The AES Corporation (NYSE: AES) is a global energy company. Its strategic investments to expand its clean energy generation capacity and construction of new generation, transmission and distribution projects are likely to boost its performance. Given its growth opportunities, AES makes for a solid investment option in the Utility sector.
The company currently carries a Zacks Rank #2 (Buy). Let's look at the factors that are driving the stock.
Growth Projections & Surprise History of AES
The Zacks Consensus Estimate for 2024 and 2025 earnings per share is pegged at $1.91 and $2.08, respectively, which indicates year-over-year growth of 8.5% and 8.8%.
The consensus estimate for 2024 and 2025 sales is pegged at $13.32 billion and $13.77 billion, respectively, which indicates year-over-year growth of 5.1% and 3.4%.
AES delivered an average earnings surprise of 19.18% in the past four quarters.
AES Stock's Dividend Yield
AES distributes dividends to shareholders on a ...
