American Electric Power Company, Inc. Quarterly Earnings Sneak Peek

S&P 500 (NYSE:SPY) component American Electric Power Company, Inc. (NYSE:AEP) will unveil its latest earnings on Friday, July 29, 2011. American Electric Power Co Inc is a public utility holding company that provides electric service, consisting of generation, transmission and distribution, to its retail customers through subsidiaries.

American Electric Power Company, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 76 cents per share, a rise of 2.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 78 cents. Between one and three months ago, the average estimate moved down and dropped from 77 cents during the last month. For the year, analysts are projecting net income of $3.13 per share, a rise of 3.3% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the first quarter, it reported profit of 82 cents per share against a mean estimate of net income of 79 cents per share. In the fourth quarter of the last fiscal year, it missed forecasts by one cent.

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Wall St. Revenue Expectations: On average, analysts predict $3.59 billion in revenue this quarter, a rise of 5.6% from the year ago quarter. Analysts are forecasting total revenue of $14.96 billion for the year, a rise of 3.9% from last year’s revenue of $14.4 billion.

Analyst Ratings: Analysts are bullish on American Electric Power Company as nine analysts rate it as a buy, one rates it as a sell and eight rate it as a hold.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 4.5% to $3.73 billion in first quarter. The figure rose 4.6% in the fourth quarter of the last fiscal year from the year earlier, climbed 14.6% in the third quarter of the last fiscal year from the year-ago quarter and 4.9% in the second quarter of the last fiscal year.

The increase in profit in the first quarter comes after net income fell in the previous quarter. In the first quarter, net income rose 2.6% to $354 million. In the fourth quarter of the last fiscal year, net income fell 25.9%.

Competitors to Watch: FirstEnergy Corp. (NYSE:FE), Duke Energy Corporation (NYSE:DUK), Cleco Corporation (NYSE:CNL), PPL Corporation (NYSE:PPL), The Southern Company (NYSE:SO), Entergy Corporation (NYSE:ETR), DPL Inc. (NYSE:DPL), Westar Energy, Inc. (NYSE:WR), NextEra Energy, Inc. (NYSE:NEE), and Constellation Energy Group, Inc. (NYSE:CEG).

Stock Price Performance: During April 28, 2011 to July 25, 2011, the stock price had risen $1.82 (5.1%) from $35.92 to $37.74. The stock price saw one of its best stretches over the last year between April 21, 2011 and May 3, 2011 when shares rose for eight-straight days, rising 4.1% (+$1.45) over that span. It saw one of its worst periods between November 5, 2010 and November 17, 2010 when shares fell for nine-straight days, falling 4.1% (-$1.48) over that span. Shares are up $2.66 (+7.6%) year to date.

(Source: Xignite Financials)

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