Company Overview - American Electric Power Company, Inc. (AEP) has a market capitalization of $63 billion and operates as an electric public utility company, generating, transmitting, and distributing electricity for retail and wholesale customers [1] - The company is based in Columbus, Ohio, and utilizes a mix of coal, lignite, natural gas, and renewable energy sources, including nuclear, hydro, solar, and wind energy [1] Earnings Expectations - AEP is scheduled to announce its fiscal Q3 earnings for 2025 on October 29, with analysts expecting a profit of $1.80 per share, which represents a 2.7% decrease from $1.85 per share in the same quarter last year [2] - For fiscal 2025, analysts project AEP's profit to be $5.89 per share, reflecting a 4.8% increase from $5.62 per share in fiscal 2024, with further growth expected to $6.28 per share in fiscal 2026, a 6.6% year-over-year increase [3] Recent Performance - AEP's shares have increased by 16.5% over the past 52 weeks, outperforming the S&P 500 Index's return of 15.2% and the Utilities Select Sector SPDR Fund's rise of 10.7% during the same period [4] - Following the release of better-than-expected Q2 results, AEP's shares rose by 3.7% on July 30, with revenue increasing by 11.1% year-over-year to $5.1 billion, surpassing consensus estimates by 3% [5] Analyst Ratings - Wall Street analysts maintain a "Moderate Buy" rating for AEP, with 19 analysts covering the stock: six recommend "Strong Buy," one suggests "Moderate Buy," 11 advise "Hold," and one indicates a "Strong Sell" [6] - The mean price target for AEP is set at $120.32, indicating a potential upside of 3.2% from current levels [6]
What You Need to Know Ahead of American Electric Power's Earnings Release