American Electric Power Company Inc. Third Quarter Earnings on Deck

S&P 500 (NYSE:SPY) component American Electric Power Company, Inc. (NYSE:AEP) will unveil its latest earnings on Wednesday, October 26, 2011. American Electric Power 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 $1.13 per share, a decline of 1.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.08. Between one and three months ago, the average estimate moved up. It has risen from $1.11 during the last month. Analysts are projecting profit to rise by 3% versus last year to $3.12.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the second quarter, it reported net income of 73 cents per share against a mean estimate of 76 cents. Two quarters ago, it beat expectations by 3 cents with profit of 82 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 11.2% in revenue from the year-earlier quarter to $4.56 billion.

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

A Look Back: In the second quarter, profit rose more than twofold to $352 million (73 cents a share) from $136 million (28 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 7.4% to $3.61 billion from $3.36 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 4.5% in the first quarter from the year earlier, climbed 4.6% in the fourth quarter of the last fiscal year from the year-ago quarter and 14.6% in the third quarter of the last fiscal year.

The company has now been profitable for the last eight quarters, and for the last four, profit has risen year over year by an average of 40.2%. The quarter with the biggest boost was the most recent quarter, which saw a more than twofold surge.

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 September 22, 2011 to October 20, 2011, the stock price had risen $1.88 (5.1%) from $37.08 to $38.96. 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% (+$1.42) 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% (-$1.46) over that span. Shares are up $4.33 (+12.5%) year to date.

(Source: Xignite Financials)

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