Canada markets open in 6 hours 31 minutes

American Electric (AEP) Q4 Earnings In-Line, Misses on Sales

Zacks Equity Research

American Electric Power Co., Inc. AEP is one of the largest integrated utilities in the United States.

The company owns the nation's largest electricity transmission system and over 224,000-miles of distribution lines.

American Electric Power has a stable earnings base of more than 5.4 million customers spread over 11 states.

Surprise History

Investors should note that American Electric Power has surpassed the Zacks Consensus Estimate last four quarters, with a positive average surprise of 5.00%.

American Electric Power Company, Inc. Price and EPS Surprise

American Electric Power Company, Inc. Price and EPS Surprise

American Electric Power Company, Inc. price-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 fourth-quarter 2019 operating earnings of 60 cents per share, in line with the Zacks Consensus Estimate.

Revenue: The company’s revenues of $3.6 billion for the fourth-quarter missed the Zacks Consensus Estimate of $4.1 billion.

Key Stats: American Electric Power reaffirmed its 2020 operating earnings guidance in the range of $4.25-$4.45 per share.

Check back later for our full write up on this American Electric Power earnings report later!

Biggest Tech Breakthrough in a Generation

Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.

A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.

See 8 breakthrough stocks now>>


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 click here.
Zacks Investment Research