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American Electric (AEP) Tops Q4 Earnings & Revenue Estimates
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American Electric Power Co., Inc. (AEP - Free Report) is one of the largest integrated utilities in the U.S.
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 1.31%.
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 (Strong Buy) stocks here.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: American Electric Power reported fourth-quarter 2016 operating earnings of 67 cents per share, comfortably beating the Zacks Consensus Estimate of 55 cents per share.
American Electric Power Company, Inc. Price and EPS Surprise
Revenue:The company’s revenues of $3,782 million for the fourth quarter surpassed the Zacks Consensus Estimate of $2,831 million.
Key Stats:American Electric Power has provided its 2017 operating earnings guidance in the range of $3.55–$3.75.
Check back later for our full write up on this American Electric Power earnings report later!
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American Electric (AEP) Tops Q4 Earnings & Revenue Estimates
American Electric Power Co., Inc. (AEP - Free Report) is one of the largest integrated utilities in the U.S.
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 1.31%.
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 (Strong Buy) stocks here.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: American Electric Power reported fourth-quarter 2016 operating earnings of 67 cents per share, comfortably beating the Zacks Consensus Estimate of 55 cents per share.
American Electric Power Company, Inc. Price and EPS Surprise
American Electric Power Company, Inc. Price and EPS Surprise | American Electric Power Company, Inc. Quote
Revenue:The company’s revenues of $3,782 million for the fourth quarter surpassed the Zacks Consensus Estimate of $2,831 million.
Key Stats:American Electric Power has provided its 2017 operating earnings guidance in the range of $3.55–$3.75.
Check back later for our full write up on this American Electric Power earnings report later!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>