American Electric Power Q4 2023 Adj EPS $1.23 Misses $1.26 Estimate, Sales $4.60B Miss $5.12B Estimate
Portfolio Pulse from Benzinga Newsdesk
American Electric Power (AEP) reported Q4 2023 adjusted EPS of $1.23, missing the $1.26 estimate, and sales of $4.60B, missing the $5.12B estimate. This represents a 6.12% decrease in sales compared to the same period last year.
February 26, 2024 | 10:47 pm
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NEGATIVE IMPACT
AEP missed Q4 2023 earnings and sales estimates, with a notable year-over-year decrease in sales.
Missing both earnings and sales estimates, especially with a significant year-over-year sales decrease, typically leads to negative investor sentiment in the short term. This could result in downward pressure on AEP's stock price as the market reacts to the company's underperformance relative to expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100