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American Electric (AEP) Misses on Q2 Earnings Estimates

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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.

Surprise History

Investors should note that American Electric Power has surpassed the Zacks Consensus Estimate in three out of last four quarters, resulting in a positive average surprise of 8.45%.

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 2017 operating earnings of 75 cents per share, missing the Zacks Consensus Estimate of 82 cents per share.

Revenue: The company’s revenues of $3.6 billion for the second quarter missing the Zacks Consensus Estimate of $3.7 billion.

Key Stats: American Electric Power has reiterated its 2017 operating earnings guidance in the range of $3.55–$3.75.

Check back later for our full write up on this American Electric Power earnings report later!

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