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Ahead of AEP (AEP) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
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The upcoming report from American Electric Power (AEP - Free Report) is expected to reveal quarterly earnings of $2.04 per share, indicating an increase of 13.3% compared to the year-ago period. Analysts forecast revenues of $6.58 billion, representing an increase of 9.5% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 3.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific AEP metrics that are routinely monitored and predicted by Wall Street analysts.
The average prediction of analysts places 'Total Revenues- Generation & Marketing' at $567.21 million. The estimate points to a change of -18.3% from the year-ago quarter.
Analysts expect 'Total Revenues- Transmission and Distribution Utilities' to come in at $1.89 billion. The estimate indicates a year-over-year change of +12.4%.
According to the collective judgment of analysts, 'Total Revenues- Vertically Integrated Utilities' should come in at $4.19 billion. The estimate points to a change of +19.4% from the year-ago quarter.
Analysts predict that the 'Total Revenues- AEP Transmission Holdco' will reach $631.34 million. The estimate points to a change of +10.1% from the year-ago quarter.
Based on the collective assessment of analysts, 'Operating Earnings (non-GAAP)- Vertically Integrated Utilities' should arrive at $716.50 million. The estimate compares to the year-ago value of $573.50 million.
Analysts forecast 'Operating Earnings (non-GAAP)- Transmission & Distribution Utilities' to reach $291.51 million. Compared to the current estimate, the company reported $259.10 million in the same quarter of the previous year.
It is projected by analysts that the 'Operating Earnings (non-GAAP)- Generation & Marketing' will reach $29.67 million. Compared to the present estimate, the company reported $48.40 million in the same quarter last year.
Analysts' assessment points toward 'Operating Earnings (non-GAAP)- AEP Transmission Holdco' reaching $219.92 million. Compared to the present estimate, the company reported $199.90 million in the same quarter last year.
Over the past month, AEP shares have recorded returns of +11.1% versus the Zacks S&P 500 composite's -1.2% change. Based on its Zacks Rank #2 (Buy), AEP will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Ahead of AEP (AEP) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
The upcoming report from American Electric Power (AEP - Free Report) is expected to reveal quarterly earnings of $2.04 per share, indicating an increase of 13.3% compared to the year-ago period. Analysts forecast revenues of $6.58 billion, representing an increase of 9.5% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 3.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific AEP metrics that are routinely monitored and predicted by Wall Street analysts.
The average prediction of analysts places 'Total Revenues- Generation & Marketing' at $567.21 million. The estimate points to a change of -18.3% from the year-ago quarter.
Analysts expect 'Total Revenues- Transmission and Distribution Utilities' to come in at $1.89 billion. The estimate indicates a year-over-year change of +12.4%.
According to the collective judgment of analysts, 'Total Revenues- Vertically Integrated Utilities' should come in at $4.19 billion. The estimate points to a change of +19.4% from the year-ago quarter.
Analysts predict that the 'Total Revenues- AEP Transmission Holdco' will reach $631.34 million. The estimate points to a change of +10.1% from the year-ago quarter.
Based on the collective assessment of analysts, 'Operating Earnings (non-GAAP)- Vertically Integrated Utilities' should arrive at $716.50 million. The estimate compares to the year-ago value of $573.50 million.
Analysts forecast 'Operating Earnings (non-GAAP)- Transmission & Distribution Utilities' to reach $291.51 million. Compared to the current estimate, the company reported $259.10 million in the same quarter of the previous year.
It is projected by analysts that the 'Operating Earnings (non-GAAP)- Generation & Marketing' will reach $29.67 million. Compared to the present estimate, the company reported $48.40 million in the same quarter last year.
Analysts' assessment points toward 'Operating Earnings (non-GAAP)- AEP Transmission Holdco' reaching $219.92 million. Compared to the present estimate, the company reported $199.90 million in the same quarter last year.
View all Key Company Metrics for AEP here>>>Over the past month, AEP shares have recorded returns of +11.1% versus the Zacks S&P 500 composite's -1.2% change. Based on its Zacks Rank #2 (Buy), AEP will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .