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AEP

American Electric (AEP) Tops Q3 Earnings & Sales Estimates

American Electric Power Co., Inc. AEP is one of the largest integrated utilities in the U.S. with a market cap of $31.88 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.

American Electric Power has a stable earnings base of more than 5.4 million customers spread over 11 states.

Surprise History

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 0.95%.

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 stocks here .

We have mentioned below some of the vital information from this just-revealed announcement:

Earnings: American Electric Power reported third-quarter 2016 operating earnings of $1.30 per share, comfortably beating the Zacks Consensus Estimate of $1.21 per share.

AMER ELEC PWR Price and EPS Surprise

AMER ELEC PWR Price and EPS Surprise | AMER ELEC PWR Quote

Revenue: The company's revenues of $4.7 billion for the third quarter surpassed the Zacks Consensus Estimate of $4.61 billion.

Key Stats: American Electric Power has increased and narrowed its 2016 operating earnings guidance to the range of $3.75-$3.85, compared to the prior guidance range of $3.60- $3.80 per share.

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

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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