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American Electric (AEP) Posts In-Line Q4 Earnings, Sales Slip

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American Electric (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.

American Electric Power Company, Inc. Price and EPS Surprise

American Electric Power Company, Inc. Price and EPS Surprise | American Electric Power Company, Inc. Quote

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 4.58%.

Zacks Rank: Currently, American Electric Power has a Zacks Rank #4 (Sell). 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 fourth-quarter 2018 operating earnings of 72 cents per share, in line with the Zacks Consensus Estimate.

Revenue: The company’s revenues of $3.8 billion for the fourth-quarter missed the Zacks Consensus Estimate of $3.96 billion by 4.2%.

Key Stats: American Electric Power reaffirmed its 2018 operating earnings guidance in the range of $4.00–$4.20.

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

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