Investors should note that American Electric Power has surpassed the Zacks Consensus Estimate in only one out of last four quarters, resulting in a negative average surprise of 2.25%.
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 first-quarter 2018 operating earnings of 96 cents per share, lagging behind the Zacks Consensus Estimate of $1.00 per share.
Revenue: The company’s revenues of $4 billion for the first-quarter surpassed the Zacks Consensus Estimate of $3.86 billion.
Key Stats: American Electric Power reaffirmed its 2018 operating earnings guidance in the range of $3.75–$3.95.
Check back later for our full write up on this American Electric Power earnings report later!
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