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American Electric Power has reported strong earnings for 1Q24, driven by rate changes, favorable weather, and increased demand from data centers. AEP is investing billions in renewable energy and has a solid balance sheet, with a high FFO-to-debt ratio and ample liquidity. Analysts expect continued EPS growth for AEP, reinforcing its long-term outlook of 6-7% annual EPS growth.
American Electric Power Company, Inc. (NASDAQ:AEP ) Q1 2024 Earnings Conference Call April 30, 2024 9:00 AM ET Company Participants Darcy Reese - VP, IR Ben Fowke - Interim President, Interim CEO & Director Peggy Simmons - EVP, Utilities Charles Zebula - EVP & CFO Conference Call Participants Jeremy Tonet - JPMorgan Chase & Co. Steven Fleishman - Wolfe Research Jamieson Ward - Guggenheim Securities Durgesh Chopra - Evercore ISI Andrew Weisel - Scotiabank Carly Davenport - Goldman Sachs Group Nicholas Campanella - Barclays Bank Ryan Levine - Citigroup Paul Patterson - Glenrock Associates Operator Good morning, ladies and gentlemen, and thank you for standing by. My name is Abby, and I will be your conference operator today.
American Electric's (AEP) first-quarter earnings miss estimates but rise year over year by 14.4%. The company's 2024 EPS outlook remains unchanged.
Although the revenue and EPS for AEP (AEP) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
American Electric Power (AEP) came out with quarterly earnings of $1.27 per share, missing the Zacks Consensus Estimate of $1.30 per share. This compares to earnings of $1.11 per share a year ago.
American Electric Power beat first-quarter profit estimates on Tuesday, as the electric utility benefited from higher demand and usage from commercial customers.
COLUMBUS, Ohio , April 29, 2024 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Tuesday, April 30.
American Electric Power's (AEP) Q1 results are likely to reflect mixed weather pattern impacts, along with increased retail load, amid higher interest expenses.
Evaluate the expected performance of AEP (AEP) for the quarter ended March 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Investors looking for stocks in the Utility - Electric Power sector might want to consider either Portland General Electric (POR) or American Electric Power (AEP). But which of these two companies is the best option for those looking for undervalued stocks?