Insights Ahead: American Electric Power's Quarterly Earnings

American Electric Power (NASDAQ:AEP) will release its quarterly earnings report on Wednesday, 2024-11-06. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate American Electric Power to report an earnings per share (EPS) of $1.80.

Anticipation surrounds American Electric Power's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Earnings Track Record

During the last quarter, the company reported an EPS beat by $0.02, leading to a 0.02% drop in the share price on the subsequent day.

Here's a look at American Electric Power's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

1.23

1.26

1.26

1.71

EPS Actual

1.25

1.27

1.23

1.77

Price Change %

-0.0%

2.0%

4.0%

1.0%

Performance of American Electric Power Shares

Shares of American Electric Power were trading at $98.4 as of November 04. Over the last 52-week period, shares are up 25.91%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Views on American Electric Power

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding American Electric Power.

The consensus rating for American Electric Power is Outperform, based on 12 analyst ratings. With an average one-year price ...