American Electric Power Narrows FY23 Outlook Operating EPS Guidance To $5.24-$5.34 (Vs. $5.26 Consensus) From $5.19-$5.39; Reaffirms Long-Term Growth Rate Of 6% To 7% And FFO/Debt Target Of 14% To 15%
Portfolio Pulse from Benzinga Newsdesk
American Electric Power (AEP) has revised its FY23 operating earnings per share (EPS) guidance to $5.24-$5.34, slightly above the consensus of $5.26. The company also reaffirmed its long-term growth rate of 6-7% and FFO/Debt target of 14-15%. However, AEP is unable to provide a corresponding GAAP equivalent for 2023 earnings guidance due to potential future impairments, divestitures, or changes in accounting principles.
November 02, 2023 | 11:23 am
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AEP's revised FY23 EPS guidance is slightly above the consensus, which could be seen as a positive signal by the market. However, the inability to provide a corresponding GAAP equivalent may introduce some uncertainty.
The revised EPS guidance is slightly above the market consensus, which could be interpreted as a positive signal. However, the company's inability to provide a corresponding GAAP equivalent due to potential future impairments, divestitures, or changes in accounting principles introduces some uncertainty, which could have a neutralizing effect on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100