American Electric Power Q2 2024 Adj. EPS $1.25 Beats $1.23 Estimate, Sales $4.600B Miss $4.739B Estimate
Portfolio Pulse from Benzinga Newsdesk
American Electric Power (NASDAQ:AEP) reported Q2 2024 adjusted EPS of $1.25, beating the estimate of $1.23. However, sales of $4.600 billion missed the estimate of $4.739 billion.
July 30, 2024 | 11:00 am
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American Electric Power's Q2 2024 adjusted EPS of $1.25 beat estimates, but sales of $4.600 billion missed expectations. EPS increased by 10.62% YoY, while sales grew by 4.55% YoY.
The mixed results, with EPS beating but sales missing estimates, suggest a neutral short-term impact on AEP's stock price. The YoY growth in both EPS and sales is positive, but the sales miss could temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100