American Electric Power Company, Inc. (AEP) reported second-quarter 2024 adjusted earnings per share (EPS) of $1.25, which beat the Zacks Consensus Estimate of $1.23 by 1.6%. The bottom line also improved 10.6% from $1.13 recorded in the year-ago quarter.The company reported GAAP earnings of 64 cents per share compared with the year-ago quarter’s figure of $1.01.Total RevenuesOperating revenues of $4.73 billion rose 5.6% from the year-ago quarter’s level of $4.48 billion.The company reported GAAP revenues o ...

American Electric Power (AEP) came out with quarterly earnings of $1.25 per share, beating the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $1.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.63%. A quarter ago, it was expected that this utility would post earnings of $1.30 per share when it actually produced earnings of $1.27, delivering a surprise of -2.31%.Over the last four quarters, the co ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Quarterly Period Ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Transition Period from ____ to ____ | --- | --- | --- | --- | |----------------------------|-----------------------------------------------|-------------------------|--------------------------- ...

Exhibit 99.1 News from AEP MEDIA CONTACT: ANALYSTS CONTACT: Tammy Ridout Darcy Reese Managing Director, External Communications Vice President, Investor Relations 614/716-2347 614/716-2614 FOR IMMEDIATE RELEASE AEP Reports Second-Quarter 2024 Earnings, Reaffirms Guidance • Second-quarter 2024 GAAP earnings of $0.64 per share; operating earnings of $1.25 per share • Company reaffirms 2024 operating earnings (non-GAAP) guidance of $5.53 to $5.73 per share and longterm growth rate of 6% to 7% • Strong data pro ...

Second-quarter 2024 GAAP earnings of $0.64 per share; operating earnings of $1.25 per share Company reaffirms 2024 operating earnings (non-GAAP) guidance of $5.53 to $5.73 per share and long-term growth rate of 6% to 7% Strong data processing load in the commercial customer class positions AEP for further growth, supported by industry-leading transmission system AMERICAN ELECTRIC POWERPreliminary, unaudited results Second Quarter ended June 30 Year-to-date ended June 30 2024 2023 Varia ...

Analysts on Wall Street project that American Electric Power (AEP) will announce quarterly earnings of $1.23 per share in its forthcoming report, representing an increase of 8.9% year over year. Revenues are projected to reach $4.54 billion, increasing 3.8% from the same quarter last year.The consensus EPS estimate for the quarter has undergone an upward revision of 3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial ...

American Electric Power (AEP) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a ch ...

American Electric Power Company, Inc (AEP) is slated to release second-quarter 2024 results on Jul 30 before market open.In the last reported quarter, the company delivered a negative earnings surprise of 2.31%. American Electric has a trailing four-quarter average negative earnings surprise of 1.01%.Factors to NoteMost of the AEP’s service territories observed warmer-than-normal weather conditions in the second quarter. This must have increased the electricity demand for cooling purposes from the company’s ...

American Electric Power (AEP) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on July 30, 2024, might help the stock move higher if these key numbers are better ...

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