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
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100