We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
American Electric (AEP) Tops Q4 Earnings Estimates, Keeps View
Read MoreHide Full Article
American Electric Power Co., Inc. (AEP - Free Report) reported fourth-quarter 2017 operating earnings per share (EPS) of 85 cents, exceeding the Zacks Consensus Estimate of 81 cents by 4.9%.
The bottom line also improved 4.9% from 67 cents per share reported a year ago.
For 2017, American Electric Power’s earnings were $3.68 per share, down from $3.94 from the year-ago period.
Total Revenues
American Electric’s fourth-quarter revenues of $3.8 billion were in line with the top line figure in the year-ago quarter. The reported figure surpassed the Zacks Consensus Estimate of $3.5 billion by 8.8%.
In 2017, total revenues decreased 6.5% year over year from $16.4 billion to $15.4 billion.
Quarterly Highlights
Operating expenses in the reported quarter were $1,713.7 million compared with $1,851.7 million a year ago.
Operating income in the quarter was $420.1 million, up 27.1% from $330.4 million a year ago.
Segmental Performance
Vertically Integrated Utility Operations: Operating earnings in the quarter rose to $179.4 million from $150.6 million a year ago.
Transmission & Distribution Utilities: Operating earnings were $123.9 million in the quarter, up from $81.5 million a year ago.
AEP Transmission Holdco: This segment generated an operating income of $78.5 million, up from $58.8 million recorded in the fourth quarter of 2016.
Generation and Marketing: Operating earnings were $24.5 million, down from $47.8 million in the year-ago quarter.
Corporate & Other: Operating earnings were $13.8 million, compared to operating loss of $8.3 million.
American Electric Power Company, Inc. Price, Consensus and EPS Surprise
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
American Electric (AEP) Tops Q4 Earnings Estimates, Keeps View
American Electric Power Co., Inc. (AEP - Free Report) reported fourth-quarter 2017 operating earnings per share (EPS) of 85 cents, exceeding the Zacks Consensus Estimate of 81 cents by 4.9%.
The bottom line also improved 4.9% from 67 cents per share reported a year ago.
For 2017, American Electric Power’s earnings were $3.68 per share, down from $3.94 from the year-ago period.
Total Revenues
American Electric’s fourth-quarter revenues of $3.8 billion were in line with the top line figure in the year-ago quarter. The reported figure surpassed the Zacks Consensus Estimate of $3.5 billion by 8.8%.
In 2017, total revenues decreased 6.5% year over year from $16.4 billion to $15.4 billion.
Quarterly Highlights
Operating expenses in the reported quarter were $1,713.7 million compared with $1,851.7 million a year ago.
Operating income in the quarter was $420.1 million, up 27.1% from $330.4 million a year ago.
Segmental Performance
Vertically Integrated Utility Operations: Operating earnings in the quarter rose to $179.4 million from $150.6 million a year ago.
Transmission & Distribution Utilities: Operating earnings were $123.9 million in the quarter, up from $81.5 million a year ago.
AEP Transmission Holdco: This segment generated an operating income of $78.5 million, up from $58.8 million recorded in the fourth quarter of 2016.
Generation and Marketing: Operating earnings were $24.5 million, down from $47.8 million in the year-ago quarter.
Corporate & Other: Operating earnings were $13.8 million, compared to operating loss of $8.3 million.
American Electric Power Company, Inc. Price, Consensus and EPS Surprise
American Electric Power Company, Inc. Price, Consensus and EPS Surprise | American Electric Power Company, Inc. Quote
Financial Update
As of Dec 31, 2017, American Electric had $412.6 million in cash and cash equivalents compared with $399.7 million as of Dec 31, 2016.
Long-term debt was $19.03 billion as of Dec 31, 2017, compared with $17.38 billion as of Dec 31, 2016.
Cash flow from operations was $4,284 million at the end of 2017 compared with $4,521.8 million at the end of 2016.
Guidance
American Electric has reaffirmed its 2018 operating earnings guidance in the range of $3.75-$3.95.
Upcoming Peer Releases
CenterPoint Energy, Inc. (CNP - Free Report) is scheduled to report fourth-quarter 2017 results on Feb 22. The company carries a Zacks Rank #2.
Exelon Corporation (EXC - Free Report) is scheduled to report fourth-quarter 2017 results on Feb 7. The company carries a Zacks Rank #2.
Edison International (EIX - Free Report) is scheduled to report fourth-quarter 2017 results on Feb 20. The company carries a Zacks Rank #3.
Zacks Rank
American Electric carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the
market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>