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American Electric Power Company, Inc. (AEP) - free report >>
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American Electric Power (AEP) Q2 Earnings and Revenues Beat
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.
Estimate Trend & Surprise History
Investors should note that the second quarter 2018 Zacks Consensus Estimate for earnings of 88 cents per share has increased by 8.6% in the last 60 days.
Investors should note that American Electric Power has surpassed the Zacks Consensus Estimate in only one out of last four quarters, resulting in a negative average surprise of 2.75%.
American Electric Power Company, Inc. Price and EPS Surprise
American Electric Power Company, Inc. Price and EPS Surprise | American Electric Power Company, Inc. Quote
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 second-quarter 2018 operating earnings of $1.01 per share, beating the Zacks Consensus Estimate of 88 cents per share by 14.8%.
Revenue: The company’s revenues of $4 billion for the second-quarter surpassed the Zacks Consensus Estimate of $3.83 billion by 4.4%.
Check back later for our full write up on this American Electric Power earnings report later!
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