American Electric Power Q2 Adj EPS $1.13 Beats $1.12 Estimate, Sales $4.40B Miss $4.76B Estimate
Portfolio Pulse from Benzinga Newsdesk
American Electric Power (AEP) reported Q2 earnings of $1.13 per share, beating the analyst consensus estimate of $1.12 by 0.89 percent. However, this is a 5.83 percent decrease from the same period last year. The company's quarterly sales of $4.40 billion missed the analyst consensus estimate of $4.76 billion by 7.56 percent, marking a 4.35 percent decrease from the previous year.
July 27, 2023 | 10:59 am
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NEUTRAL IMPACT
AEP's Q2 earnings beat estimates but sales missed, with both showing a decrease from the previous year. This mixed result could lead to uncertainty in the market.
AEP's earnings beat estimates, which is a positive signal. However, the miss on sales and the decrease in both earnings and sales from the previous year could create uncertainty among investors, potentially impacting the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100