Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does AES (AES) have what it takes?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

The AES Corporation (NYSE:AES ) Q2 2024 Earnings Conference Call August 2, 2024 10:00 AM ET Company Participants Susan Harcourt - Vice President of Investor Relations Andres Gluski - President and Chief Executive Officer Steve Coughlin - Chief Financial Officer Conference Call Participants Durgesh Chopra - Evercore ISI Richard Sunderland - J.P. Morgan Antoine Aurimond - Jefferies David Arcaro - Morgan Stanley Michael Sullivan - Wolfe Research Willard Grainger - Mizuho Angie Storozynski - Seaport Biju Perincheril - SIG Operator Hello, everyone, and a warm welcome to the AES Corporation Q2 2024 Financial Review Call.

AES' second-quarter earnings beat estimates, while revenues lag the same. The company now expects to generate a bottom line in the upper half of its earlier announced 2024 EPS outlook.

AES (AES) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.21 per share a year ago.

Now Expects to Achieve Upper Half of 2024 Adjusted EPS Guidance Range Strategic Accomplishments Signed 2.5 GW of new agreements, including 2.2 GW directly with data center customers Signed agreements to support 1.2 GW of new data center load at US utilities; in advanced negotiations for up to another 3 GW over the next 12 months Signed 15-year PPAs for 727 MW of wind and solar to serve data center growth in Texas Signed a 310 MW retail supply agreement to support data centers throughout Ohio Total backlog of signed long-term PPAs now 12.6 GW Completed the construction or acquisition of 1.6 GW in year-to-date 2024; on track to add 3.6 GW of new projects to operations in full year 2024 Q2 2024 Financial Highlights GAAP Financial Metrics Diluted EPS of $0.27, compared to ($0.06) in Q2 2023 Net Loss of $39 million, compared to $19 million in Q2 2023 Net Income (Loss) Attributable to The AES Corporation of $185 million, compared to ($39) million in Q2 2023 Non-GAAP Adjusted Financial Metrics Adjusted EPS1 of $0.38, compared to $0.21 in Q2 2023 Adjusted EBITDA with Tax Attributes2,3 of $843 million, compared to $607 million in Q2 2023 Adjusted EBITDA3 of $652 million, compared to $569 million in Q2 2023 Financial Position and Outlook Now expects to achieve upper half of 2024 Adjusted EPS1 guidance range of $1.87 to $1.97 Reaffirming annualized Adjusted EPS1 growth target of 7% to 9% through 2025, off a base of 2020 Reaffirming annualized Adjusted EPS1 growth target of 7% to 9% through 2027, off a base of 2023 guidance Reaffirming 2024 guidance for Adjusted EBITDA2 of $2,600 to $2,900 million Reaffirming annualized growth target2 of 5% to 7% through 2027, off a base of 2023 guidance Now expects 2024 Adjusted EBITDA with Tax Attributes2,3 to be in the upper half of the range of $3,550 to $3,950 million ARLINGTON, Va. , Aug. 1, 2024 /PRNewswire/ -- The AES Corporation (NYSE: AES) today reported financial results for the quarter ended June 30, 2024.

Best Buy (BBY), AES, Lockheed Martin (LMT), PulteGroup (PHM) and Banco de Chile (BCH) are some of the stocks with high ROE to profit from as the markets await the Federal Reserve's update on the monetary policy.

The average of price targets set by Wall Street analysts indicates a potential upside of 29.1% in AES (AES). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

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"Maximo" can install solar panels in half the time and for half the cost ARLINGTON, Va. , July 30, 2024 /PRNewswire/ -- The AES Corporation (NYSE: AES) introduced "Maximo" today, a groundbreaking, AI-powered robot that enhances solar installation speed, efficiency and safety.

AES' Q2 results are likely to reflect the benefits of favorable contributions from its renewable projects amid the impacts of high interest expenses.

We have narrowed our search to five beaten-down stocks that are poised to beat on earnings results next week. These are: PYPL, AMT, XEL, AES, AMH.