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.
AEP (AEP) Reports Q1 Earnings: What Key Metrics Have to Say
Read MoreHide Full Article
American Electric Power (AEP - Free Report) reported $5 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 6.4%. EPS of $1.27 for the same period compares to $1.11 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $5.28 billion, representing a surprise of -5.39%. The company delivered an EPS surprise of -2.31%, with the consensus EPS estimate being $1.30.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: 21,263 GWh versus the three-analyst average estimate of 20,430.75 GWh.
Total Energy Sales - Retail Electric - Vertically Integrated Utilities - Total Retail: 23,119 GWh compared to the 23,016.88 GWh average estimate based on three analysts.
Total Energy Sales - Wholesale Electric - Transmission & Distribution Utilities: 590 GWh versus the two-analyst average estimate of 457.68 GWh.
Total Energy Sales - Transmission & Distribution Utilities - Total: 21,853 GWh versus 20,818.32 GWh estimated by two analysts on average.
Total Energy Sales - Vertically Integrated Utilities - Total: 26,882 GWh versus 25,825.02 GWh estimated by two analysts on average.
Total Energy Sales - Wholesale Electric - Vertically Integrated Utilities: 3,763 GWh versus the two-analyst average estimate of 2,957.04 GWh.
Total Revenues- Generation & Marketing: $563.50 million versus the three-analyst average estimate of $346.79 million. The reported number represents a year-over-year change of +72.3%.
Total Revenues- Transmission and Distribution Utilities: $1.49 billion versus the three-analyst average estimate of $1.56 billion. The reported number represents a year-over-year change of +1.8%.
Total Revenues- Vertically Integrated Utilities: $2.95 billion compared to the $3.08 billion average estimate based on three analysts. The reported number represents a change of +3.2% year over year.
Total Revenues- AEP Transmission Holdco: $497.30 million versus $495.22 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +9.2% change.
Operating Earnings (non-GAAP)- Generation & Marketing: $65.40 million compared to the $44.77 million average estimate based on three analysts.
Operating Earnings (non-GAAP)- AEP Transmission Holdco: $208.70 million compared to the $199.92 million average estimate based on three analysts.
Shares of AEP have returned +2.5% over the past month versus the Zacks S&P 500 composite's -2.5% 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
AEP (AEP) Reports Q1 Earnings: What Key Metrics Have to Say
American Electric Power (AEP - Free Report) reported $5 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 6.4%. EPS of $1.27 for the same period compares to $1.11 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $5.28 billion, representing a surprise of -5.39%. The company delivered an EPS surprise of -2.31%, with the consensus EPS estimate being $1.30.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: 21,263 GWh versus the three-analyst average estimate of 20,430.75 GWh.
- Total Energy Sales - Retail Electric - Vertically Integrated Utilities - Total Retail: 23,119 GWh compared to the 23,016.88 GWh average estimate based on three analysts.
- Total Energy Sales - Wholesale Electric - Transmission & Distribution Utilities: 590 GWh versus the two-analyst average estimate of 457.68 GWh.
- Total Energy Sales - Transmission & Distribution Utilities - Total: 21,853 GWh versus 20,818.32 GWh estimated by two analysts on average.
- Total Energy Sales - Vertically Integrated Utilities - Total: 26,882 GWh versus 25,825.02 GWh estimated by two analysts on average.
- Total Energy Sales - Wholesale Electric - Vertically Integrated Utilities: 3,763 GWh versus the two-analyst average estimate of 2,957.04 GWh.
- Total Revenues- Generation & Marketing: $563.50 million versus the three-analyst average estimate of $346.79 million. The reported number represents a year-over-year change of +72.3%.
- Total Revenues- Transmission and Distribution Utilities: $1.49 billion versus the three-analyst average estimate of $1.56 billion. The reported number represents a year-over-year change of +1.8%.
- Total Revenues- Vertically Integrated Utilities: $2.95 billion compared to the $3.08 billion average estimate based on three analysts. The reported number represents a change of +3.2% year over year.
- Total Revenues- AEP Transmission Holdco: $497.30 million versus $495.22 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +9.2% change.
- Operating Earnings (non-GAAP)- Generation & Marketing: $65.40 million compared to the $44.77 million average estimate based on three analysts.
- Operating Earnings (non-GAAP)- AEP Transmission Holdco: $208.70 million compared to the $199.92 million average estimate based on three analysts.
View all Key Company Metrics for AEP here>>>Shares of AEP have returned +2.5% over the past month versus the Zacks S&P 500 composite's -2.5% 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.