American Electric Power Company, Inc. (AEP - Free Report) is set to release fourth-quarter and 2018 results on Jan 24, before the market opens. Last quarter, this electric utility company reported a positive earnings surprise of 1.63%.
Let’s see how things are shaping up prior to this announcement.
Why a Likely Positive Earnings Surprise
Our proven model shows a beat for American Electric this earnings season. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen.
Earnings ESP: American Electric has an Earnings ESP of +0.35%. You can uncover the best stocks to buy or sell, before they’re reported, with our Earnings ESP Filter.
Zacks Rank: American Electric carries a Zacks Rank #3, which when combined with a positive ESP makes us confident of a probable earnings beat.
Note that we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
American Electric Power Company, Inc. Price and EPS Surprise