We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Compared to Estimates, AEP (AEP) Q2 Earnings: A Look at Key Metrics
Read MoreHide Full Article
American Electric Power (AEP - Free Report) reported $4.58 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 4.7%. EPS of $1.25 for the same period compares to $1.13 a year ago.
The reported revenue represents a surprise of +0.94% over the Zacks Consensus Estimate of $4.54 billion. With the consensus EPS estimate being $1.23, the EPS surprise was +1.63%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how AEP performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total Energy Sales - Retail Electric - Transmission & Distribution Utilities - Total Retail: 22,808 GWh versus 21,052.14 GWh estimated by three analysts on average.
Total Energy Sales - Retail Electric - Vertically Integrated Utilities - Total Retail: 22,073 GWh versus the three-analyst average estimate of 21,579.41 GWh.
Total Energy Sales - Wholesale Electric - Vertically Integrated Utilities: 3,176 GWh versus 3,345.59 GWh estimated by two analysts on average.
Total Energy Sales - Transmission & Distribution Utilities - Total: 23,061 GWh compared to the 21,638.91 GWh average estimate based on two analysts.
Total Energy Sales - Wholesale Electric - Transmission & Distribution Utilities: 253 GWh compared to the 459.66 GWh average estimate based on two analysts.
Total Energy Sales - Vertically Integrated Utilities - Total: 25,249 GWh versus the two-analyst average estimate of 24,754.01 GWh.
Total Revenues- Generation & Marketing: $467.50 million versus the three-analyst average estimate of $348.81 million. The reported number represents a year-over-year change of +41.1%.
Total Revenues- Transmission and Distribution Utilities: $1.44 billion compared to the $1.43 billion average estimate based on three analysts. The reported number represents a change of +7.1% year over year.
Total Revenues- Vertically Integrated Utilities: $2.62 billion versus $2.84 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -2.1% change.
Total Revenues- AEP Transmission Holdco: $489.90 million versus the three-analyst average estimate of $493.28 million. The reported number represents a year-over-year change of +6.8%.
Operating Earnings (non-GAAP)- Vertically Integrated Utilities: $244.80 million compared to the $303.06 million average estimate based on three analysts.
Operating Earnings (non-GAAP)- Transmission & Distribution Utilities: $215.30 million versus $203.53 million estimated by three analysts on average.
Shares of AEP have returned +11.2% over the past month versus the Zacks S&P 500 composite's +0.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Compared to Estimates, AEP (AEP) Q2 Earnings: A Look at Key Metrics
American Electric Power (AEP - Free Report) reported $4.58 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 4.7%. EPS of $1.25 for the same period compares to $1.13 a year ago.
The reported revenue represents a surprise of +0.94% over the Zacks Consensus Estimate of $4.54 billion. With the consensus EPS estimate being $1.23, the EPS surprise was +1.63%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how AEP performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total Energy Sales - Retail Electric - Transmission & Distribution Utilities - Total Retail: 22,808 GWh versus 21,052.14 GWh estimated by three analysts on average.
- Total Energy Sales - Retail Electric - Vertically Integrated Utilities - Total Retail: 22,073 GWh versus the three-analyst average estimate of 21,579.41 GWh.
- Total Energy Sales - Wholesale Electric - Vertically Integrated Utilities: 3,176 GWh versus 3,345.59 GWh estimated by two analysts on average.
- Total Energy Sales - Transmission & Distribution Utilities - Total: 23,061 GWh compared to the 21,638.91 GWh average estimate based on two analysts.
- Total Energy Sales - Wholesale Electric - Transmission & Distribution Utilities: 253 GWh compared to the 459.66 GWh average estimate based on two analysts.
- Total Energy Sales - Vertically Integrated Utilities - Total: 25,249 GWh versus the two-analyst average estimate of 24,754.01 GWh.
- Total Revenues- Generation & Marketing: $467.50 million versus the three-analyst average estimate of $348.81 million. The reported number represents a year-over-year change of +41.1%.
- Total Revenues- Transmission and Distribution Utilities: $1.44 billion compared to the $1.43 billion average estimate based on three analysts. The reported number represents a change of +7.1% year over year.
- Total Revenues- Vertically Integrated Utilities: $2.62 billion versus $2.84 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -2.1% change.
- Total Revenues- AEP Transmission Holdco: $489.90 million versus the three-analyst average estimate of $493.28 million. The reported number represents a year-over-year change of +6.8%.
- Operating Earnings (non-GAAP)- Vertically Integrated Utilities: $244.80 million compared to the $303.06 million average estimate based on three analysts.
- Operating Earnings (non-GAAP)- Transmission & Distribution Utilities: $215.30 million versus $203.53 million estimated by three analysts on average.
View all Key Company Metrics for AEP here>>>Shares of AEP have returned +11.2% over the past month versus the Zacks S&P 500 composite's +0.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.