American Electric Power Company, Inc. (NASDAQ:AEP ) Q2 2024 Earnings Conference Call July 30, 2024 9:00 AM ET Company Participants Darcy Reese - VP, IR Ben Fowke - Interim President, Interim CEO & Director Peggy Simmons - EVP, Utilities Charles Zebula - EVP & CFO Conference Call Participants Shar Pourezza - Guggenheim Partners Jeremy Tonet - JPMorgan Steven Fleischman - Wolfe Research Carly Davenport - Goldman Sachs Andrew Wiesel - Scotiabank Durgesh Chopra - Evercore ISI Sophie Karp - KeyBanc Capital Markets William Appicelli - UBS Julian Smith - Jefferies Paul Patterson - Glenrock Operator Thank you for standing by. My name is JL and I'll be your conference operator today.
American Electric's (AEP) Q2 operating revenues of $4.73 billion beat the Zacks Consensus Estimate by 4.3%. The top line rises 5.6% from the year-ago quarter's level.
Although the revenue and EPS for AEP (AEP) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
American Electric Power (AEP) came out with quarterly earnings of $1.25 per share, beating the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $1.13 per share a year ago.
Total second-quarter earnings of Utility stocks are expected to improve 9.1% year over year on a rise of 1.1% in revenues. Let's see how PEG, CNP, AEP & FE report their Q2 figures.
Evaluate the expected performance of AEP (AEP) for the quarter ended June 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
AEP (AEP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
American Electric's (AEP) Q2 results are likely to benefit from a favorable weather pattern and an increase in transmission revenues. However, higher interest expenses might have hurt earnings.
AEP (AEP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Be honest. I won't be mad, but just admit it.
Millions of Americans recently suffered through, or are continuing to suffer from a deadly heat wave. Cynically, this framework is a positive for utility stocks.
Kenvue is less than 3% off its 52-week low, but the sell-off is a buying opportunity. Shares of dividend powerhouse American Electric Power are on a summer sale.