Optimism surrounds AES Corporation (AES), as it gets ready to report its third quarter results on Wednesday, November 7, 2012. Analysts are expecting the company to book a profit of 35 cents a share, up from 17 cents a year ago.
The consensus estimate has gone up, from 32 cents, over the past three months. For the fiscal year, analysts are projecting earnings of $1.22 per share. Revenue is projected to be 7.1% above the year-earlier total of $4.38 billion at $4.69 billion for the quarter. For the year, revenue is projected to roll in at $17.55 billion.
Over the last four quarters, revenue has increased 0.8% on average year-over-year. The biggest increase came in the first quarter, when revenue rose 11.2% from the year-earlier quarter.
The majority of analysts (83.3%) rate AES as a buy. This compares favorably to the analyst ratings of its nearest nine competitors, which average 33.3% buys. The average analyst rating of the stock, has stayed unchanged from three months prior. Despite the even keel, stock price has fallen 10% to $10.54 from $11.71 since August 6, 2012.
Earnings estimates provided by Zacks.
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