American Electric Power AEP reported its Q1 earnings results on Thursday, May 4, 2023 at 06:57 AM.
Here's what investors need to know about the announcement.
Earnings
American Electric Power reported in-line EPS of $1.11 versus an estimate of $1.11.
Revenue was up $100.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.06 which was followed by a 0.31% drop in the share price the next day.
Here's a look at American Electric Power's past performance:
Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
---|---|---|---|---|
EPS Estimate | 0.99 | 1.55 | 1.19 | 1.19 |
EPS Actual | 1.05 | 1.62 | 1.20 | 1.22 |
Revenue Estimate | 3.51B | 4.73B | 4.07B | 4.56B |
Revenue Actual | 4.90B | 5.50B | 4.60B | 4.60B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
American Electric Power management provided guidance for FY 2023, expecting earnings between $5.19 and $5.39 per share.
To track all earnings releases for American Electric Power visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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