AEP Reaffirms Its 2024 Outlook: Sees Operating EPS Of $5.53-$5.73 Vs. $5.62 Consensus; Long-Term Growth Rate Of 6%-7%
Portfolio Pulse from Benzinga Newsdesk
AEP reaffirms its 2024 operating earnings guidance range of $5.53 to $5.73 per share, with a long-term growth rate of 6%-7%. The company is unable to provide a corresponding GAAP equivalent for 2024 earnings guidance due to potential special items.
July 30, 2024 | 11:06 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
AEP has reaffirmed its 2024 operating earnings guidance range of $5.53 to $5.73 per share, which is in line with the consensus estimate of $5.62. The company also projects a long-term growth rate of 6%-7%.
Reaffirming earnings guidance in line with consensus is generally positive for investor sentiment. The long-term growth rate projection of 6%-7% further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100