American Electric Power Earnings: Everything You Must Know Now
American Electric Power Co., Inc. (NYSE:AEP) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
American Electric Power Co., Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share were the same at $0.80 in the quarter as EPS of $0.80 in the year-earlier quarter.
Revenue: Rose 4.83% to $3.8 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: American Electric Power Co., Inc. reported adjusted EPS income of $0.80 per share. By that measure, the company met the mean analyst estimate of $0.80. It beat the average revenue estimate of $3.78 billion.
Quoting Management: “Our solid performance in the first quarter reflects our continued progress in advancing our earnings growth strategy,” said Nicholas K. Akins, AEP president and chief executive officer. “AEP’s Board increased our quarterly dividend April 23 by $0.02 to $0.49 per share based on its confidence in that strategy and in support of our goal to achieve a dividend payout ratio in the range of 60 to 70 percent of consolidated earnings.”
Key Stats (on next page)…
Revenue increased 5.18% from $3.61 billion in the previous quarter. EPS increased 60% from $0.50 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.79 to a profit $0.80. For the current year, the average estimate has moved up from a profit of $3.13 to a profit of $3.16 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)