* American Electric Power Company Inc reported quarterly adjusted earnings of $1.27 per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of $1.11. The mean expectation of sixteen analysts for the quarter was for earnings of $1.25 per share. Wall Street expected results to range from $1.19 to $1.28 per share.
* Revenue rose 7.1% to $5.03 billion from a year ago; analysts expected $5.02 billion.
* American Electric Power Company Inc's reported EPS for the quarter was $1.90.
* The company reported quarterly net income of $1 billion.
* American Electric Power Company Inc shares had risen by 0.7% this quarter and gained 6.7% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 7.9% in the last three months.
* In the last 30 days, eight analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy," 11 "hold" and 2 "sell" or "strong sell."
* Wall Street's median 12-month price target for American Electric Power Company Inc is $86.00
This summary was machine generated from LSEG data April 30 at 03:05 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 1.25 1.27 Beat
Dec. 31 2023 1.26 1.23 Missed
Sep. 30 2023 1.70 1.77 Beat
Jun. 30 2023 1.12 1.13 Beat
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