American Electric Power Co., Inc. (AEP Quick QuoteAEP - Free Report) is one of the largest integrated utilities in the U.S. with a market cap of $31.88 billion.

Although the company aims to gradually reduce its dependence on coal, it will remain mostly a coal-fired power generator for many years to come.

American Electric Power has a stable earnings base of more than 5.4 million customers spread over 11 states.

Surprise History

Investors should note that American Electric Power has surpassed the Zacks Consensus Estimate in two out of last four quarters, resulting in a positive average surprise of 0.95%.

Zacks Rank: Currently, American Electric Power has a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. You can see the complete list of today’s Zacks #1 Rank stocks here.

We have mentioned below some of the vital information from this just-revealed announcement:

Earnings: American Electric Power reported third-quarter 2016 operating earnings of $1.30 per share, comfortably beating the Zacks Consensus Estimate of $1.21 per share.

Revenue: The company’s revenues of $4.7 billion for the third quarter surpassed the Zacks Consensus Estimate of $4.61 billion.

Key Stats: American Electric Power has increased and narrowed its 2016 operating earnings guidance to the range of $3.75–$3.85, compared to the prior guidance range of $3.60– $3.80 per share.

Check back later for our full write up on this American Electric Power earnings report later!

Confidential from Zacks

Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>