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American Electric Power Company, Inc. (AEP) - free report >>
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American Electric (AEP) Tops Q4 Earnings & Sales 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.
American Electric Power Company, Inc. Price and EPS Surprise
American Electric Power Company, Inc. Price and EPS Surprise | American Electric Power Company, Inc. Quote
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 1.98%.
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 2017 operating earnings of 85 cents per share, surpassing the Zacks Consensus Estimate of 81 cents per share.
Revenue: The company’s revenues of $3.8 billion for the fourth-quarter surpassing the Zacks Consensus Estimate of $3.5 billion.
Key Stats: American Electric Power reaffirmed its 2018 operating earnings guidance in the range of $3.75–$3.95..
Check back later for our full write up on this American Electric Power earnings report later!
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