American Electric Power Reaffirmed FY23 Adj EPS Guide Of $5.19-$5.39 Vs $5.27 Est, Long-Term Growth Rate of 6%-7%
Portfolio Pulse from Benzinga Newsdesk
American Electric Power has reaffirmed its FY23 adjusted EPS guidance of $5.19-$5.39, which is in line with the estimated $5.27. The company also expects a long-term growth rate of 6%-7%.

July 27, 2023 | 11:18 am
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American Electric Power's reaffirmed FY23 EPS guidance aligns with estimates, indicating stable performance. The projected long-term growth rate of 6%-7% also suggests positive future prospects.
The reaffirmation of the FY23 EPS guidance by AEP, which is in line with estimates, indicates that the company's performance is stable and as expected. This is likely to instill confidence in investors, potentially driving the stock price up. The projected long-term growth rate of 6%-7% further suggests that the company expects to maintain this performance in the future, which could also positively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100