The AES Corporation AES is a global power company with generation and distribution businesses. This Arlington, VA-based company’s strategy of reducing complexity through withdrawal of operations in the risk markets is appreciable.However, the company has been struggling to keep its costs under control. Moreover, the company’s earnings have suffered over the last two years because of poor hydrology in Latin America. Estimate Trend & Surprise History Investors should note that Zacks Consensus Estimate for the first quarter for earnings of 19 cents per share remained stable over the last 30 days. Coming to the earnings surprise, AES Corp. has surpassed the Zacks Consensus Estimate in two out of last four quarters, resulting in a negative average surprise of 3.85%. Zacks Rank: Currently, AES Corp. has a Zacks Rank #4 (Sell). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. We have mentioned below some of the vital information from this just-revealed announcement: Earnings Miss: AES Corp. missed the consensus earnings estimate. Our consensus called for first quarter EPS of 19 cents, and the company reported adjusted EPS of 13 cents. Key Stats to Note: The company reiterated its adjusted earnings guidance for 2016 in the range of 95 cents to $1.05 per share. Check back later for our full write up on this AES Corp. earnings report!Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AES CORP (AES): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research