American Electric Power Q2: Mixed Performance, 2023 EPS Outlook Reaffirmed
Portfolio Pulse from Lekha Gupta
American Electric Power Co Inc (NASDAQ:AEP) reported Q2 2023 operating EPS of $1.13, down from $1.20, beating the consensus of $1.12. Revenues of $4.40 billion came below $4.6 billion a year ago and missed the consensus of $4.76 billion. The company reaffirmed its 2023 operating EPS outlook of $5.19-$5.39. AEP shares are trading lower by 1.6% at $86.14.
July 27, 2023 | 2:45 pm
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American Electric Power reported lower Q2 2023 EPS and revenues, but beat EPS consensus. The company reaffirmed its 2023 EPS outlook. AEP shares are trading lower.
American Electric Power reported lower earnings and revenues for Q2 2023, which is generally negative for the stock. However, the company beat the EPS consensus, which could mitigate the negative impact. The reaffirmation of the 2023 EPS outlook could provide some stability. Despite these factors, AEP shares are trading lower, indicating that the market has reacted negatively to the news.
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