American Electric Power Q1 2024 Adj EPS $1.27 Beats $1.26 Estimate, Sales $5.000B Miss $5.021B Estimate
Portfolio Pulse from Benzinga Newsdesk
American Electric Power (AEP) reported Q1 2024 adjusted EPS of $1.27, surpassing the $1.26 estimate, marking a 15.45% increase from last year. However, their sales of $5.000B fell short of the $5.021B estimate, despite being a 6.38% increase from the previous year.
April 30, 2024 | 11:02 am
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AEP's Q1 2024 earnings surpassed estimates with an adjusted EPS of $1.27, a 15.45% YOY increase, but sales slightly missed expectations.
AEP's earnings beat and the year-over-year growth in both EPS and sales are positive indicators, likely leading to a positive short-term impact on the stock price. The slight miss in sales forecasts may temper gains but is unlikely to significantly detract from the positive earnings news.
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