American Electric Power Co., Inc. AEP 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.
Investors should note that American Electric Power has surpassed the Zacks Consensus Estimate in two out of last four quarters, resulting in a positive average surprise of 1.31%.
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 fourth-quarter 2016 operating earnings of 67 cents per share, comfortably beating the Zacks Consensus Estimate of 55 cents per share.
American Electric Power Company, Inc. Price and EPS Surprise
American Electric Power Company, Inc. Price and EPS Surprise | American Electric Power Company, Inc. Quote
Revenue:The company’s revenues of $3,782 million for the fourth quarter surpassed the Zacks Consensus Estimate of $2,831 million.
Key Stats:American Electric Power has provided 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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American Electric Power Company, Inc. (AEP): Free Stock Analysis Report
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