What to Expect From AES Corporation's Next Quarterly Earnings Report

Arlington, Virginia-based The AES Corporation (AES) operates as a power generation and utility company. Valued at a market cap of $10.7 billion, the company operates through four segments: Renewables, Utilities, Energy Infrastructure, and New Energy Technologies, and owns or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. 

AES is expected to release its Q3 2026 earnings soon. Ahead of this event, analysts anticipate the company’s EPS to grow significantly, compared to the $0.75 per share reported in the same quarter last year. The company has surpassed the Street’s bottom-line estimates in two of the past four quarters, while missing on one occasion. 

For fiscal 2026, analysts expect the company to report an EPS of $2.02, indicating a 13.7% decline from $2.34 reported in fiscal 2025. However, analysts expect EPS to rise nearly 14.4% year over year (YoY) to $2.31 in fiscal 2027.    

AES Corporation shares have grown around 1.4% over the past 52 weeks, underperforming the S&P 500 Index’s ($SPX) 16.1% rise but rallying the State Street Utilities Select Sector SPDR ETF’s (XLU) 10.3% fall during the same time frame.    

AES is already on its path to being acquired by Global Infrastructure Partners (GIP), a part of BlackRock, by acquiring all outstanding common shares of AES for $15 in cash, representing a total equity value of approximately $10.7 billion and an enterprise value of approximately $33.4 billion. Following a successful vote by its shareholders confirming this acquisition, management pointed out AES’ flexibility to invest in critical energy solutions as a result of this acquisition, capitalizing on GIP’s deep sector expertise. 

Analysts’ consensus opinion on the stock is neutral, with a “Hold” rating overall. Of the nine analysts covering the stock, all nine of them recommend a “Hold.” AES’ average analyst price target is $15.12, indicating an upside of 1% from the current level.