American Electric Power Q4 EPS $1.23 Misses $1.26 Estimate
Portfolio Pulse from Happy Mohamed
American Electric Power (AEP) reported Q4 earnings of $1.23 per share, missing the consensus estimate of $1.26 by 2.38%. This represents a 17.14% increase over the same period last year.
February 26, 2024 | 9:50 pm
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American Electric Power reported Q4 earnings of $1.23 per share, missing estimates but showing a year-over-year increase.
Although AEP missed the consensus estimate, the year-over-year growth in earnings per share might mitigate negative sentiment. The miss is relatively small, and the growth indicates operational improvement, which could neutralize short-term negative impact on the stock price.
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