American Electric Power Co., Inc. AEP is one of the largest integrated utilities in the U.S. with a market cap of $26.89 billion.
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. As of Sep, 2015, the AEP System had a total generating capacity of 32,000 MW.
American Electric Power has a stable earnings base of more than 5.4 million customers spread over 11 states.
Estimate Trend & Surprise History
Investors should note that Zacks Consensus Estimate for the third quarter for earnings of 98 cents per share has increased by 2 cents over the last 90 days.
Coming to the earnings surprise, American Electric Power has surpassed the Zacks Consensus Estimate in two out of last four quarters, resulting in a positive average surprise of 3.58%.
Zacks Rank: Currently, American Electric Power has a Zacks Rank #2 (Buy). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: American Electric Power beat on earnings. Our consensus called for EPS of $1.00, and the company reported EPS of $1.06.
Key Stats: American Electric Power has increased and narrowed its 2015 operating earnings guidance range to $3.67 to $3.77 per share from $3.50 to $3.65 per share.
Check back later for our full write up on this American Electric Power earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment