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.
Estimate Trend & Surprise History
Investors should note that the second quarter 2018 Zacks Consensus Estimate for earnings of 88 cents per share has increased by 8.6% in the last 60 days.
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 2.75%.
American Electric Power Company, Inc. Price and EPS Surprise
American Electric Power Company, Inc. Price and EPS Surprise | American Electric Power Company, Inc. Quote
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 second-quarter 2018 operating earnings of $1.01 per share, beating the Zacks Consensus Estimate of 88 cents per share by 14.8%.
Revenue : The company's revenues of $4 billion for the second-quarter surpassed the Zacks Consensus Estimate of $3.83 billion by 4.4%.
Check back later for our full write up on this American Electric Power earnings report later!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
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
American Electric Power Company, Inc. (AEP): Free Stock Analysis Report
To read this article on Zacks.com click here.
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.
