American Electric Power (AEP - Free Report) reported $5.3 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 4.1%. EPS of $1.77 for the same period compares to $1.62 a year ago.
The reported revenue represents a surprise of -4.18% over the Zacks Consensus Estimate of $5.53 billion. With the consensus EPS estimate being $1.73, the EPS surprise was +2.31%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how AEP performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total Energy Sales - Retail Electric - Transmission & Distribution Utilities - Total Retail: 23,837 GWh compared to the 22,264.87 GWh average estimate based on three analysts.
- Total Energy Sales - Retail Electric - Vertically Integrated Utilities - Total Retail: 25,010 GWh compared to the 24,811.19 GWh average estimate based on three analysts.
- Total Energy Sales - Wholesale Electric - Vertically Integrated Utilities: 3,876 GWh versus 3,888.34 GWh estimated by two analysts on average.
- Total Energy Sales - Transmission & Distribution Utilities - Total: 23,837 GWh versus the two-analyst average estimate of 22,866.73 GWh.
- Total Energy Sales - Wholesale Electric - Transmission & Distribution Utilities: 485 GWh compared to the 581.09 GWh average estimate based on two analysts.
- Total Energy Sales - Vertically Integrated Utilities - Total: 25,010 GWh versus 28,705.44 GWh estimated by two analysts on average.
- Total Revenues- Generation & Marketing: $566.70 million versus $487.24 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -22.9% change.
- Total Revenues- Transmission and Distribution Utilities: $1.54 billion versus $1.60 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +0.9% change.
- Total Revenues- Vertically Integrated Utilities: $3.21 billion versus $3.42 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -0.7% change.
- Total Revenues- AEP Transmission Holdco: $476.70 million versus $490.54 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +10.6% change.
- Operating Earnings (non-GAAP)- Generation & Marketing: $92.80 million versus $48.10 million estimated by three analysts on average.
- Operating Earnings (non-GAAP)- AEP Transmission Holdco: $202.90 million versus the three-analyst average estimate of $193.26 million.
View all Key Company Metrics for AEP here>>>Shares of AEP have returned +4.4% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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American Electric Power (AEP - Free Report) reported $5.3 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 4.1%. EPS of $1.77 for the same period compares to $1.62 a year ago.
The reported revenue represents a surprise of -4.18% over the Zacks Consensus Estimate of $5.53 billion. With the consensus EPS estimate being $1.73, the EPS surprise was +2.31%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how AEP performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total Energy Sales - Retail Electric - Transmission & Distribution Utilities - Total Retail: 23,837 GWh compared to the 22,264.87 GWh average estimate based on three analysts.
- Total Energy Sales - Retail Electric - Vertically Integrated Utilities - Total Retail: 25,010 GWh compared to the 24,811.19 GWh average estimate based on three analysts.
- Total Energy Sales - Wholesale Electric - Vertically Integrated Utilities: 3,876 GWh versus 3,888.34 GWh estimated by two analysts on average.
- Total Energy Sales - Transmission & Distribution Utilities - Total: 23,837 GWh versus the two-analyst average estimate of 22,866.73 GWh.
- Total Energy Sales - Wholesale Electric - Transmission & Distribution Utilities: 485 GWh compared to the 581.09 GWh average estimate based on two analysts.
- Total Energy Sales - Vertically Integrated Utilities - Total: 25,010 GWh versus 28,705.44 GWh estimated by two analysts on average.
- Total Revenues- Generation & Marketing: $566.70 million versus $487.24 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -22.9% change.
- Total Revenues- Transmission and Distribution Utilities: $1.54 billion versus $1.60 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +0.9% change.
- Total Revenues- Vertically Integrated Utilities: $3.21 billion versus $3.42 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -0.7% change.
- Total Revenues- AEP Transmission Holdco: $476.70 million versus $490.54 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +10.6% change.
- Operating Earnings (non-GAAP)- Generation & Marketing: $92.80 million versus $48.10 million estimated by three analysts on average.
- Operating Earnings (non-GAAP)- AEP Transmission Holdco: $202.90 million versus the three-analyst average estimate of $193.26 million.
View all Key Company Metrics for AEP here>>>Shares of AEP have returned +4.4% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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