American Electric Power (NYSE: AEP) is expected to report Q2 earnings around July 20. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict American Electric Power's revenues will shrink -0.4% and EPS will shrink -2.7%.

The average estimate for revenue is $3.58 billion. On the bottom line, the average EPS estimate is $0.71.

Revenue details
Last quarter, American Electric Power tallied revenue of $3.60 billion. GAAP reported sales were 2.8% lower than the prior-year quarter's $3.73 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, EPS came in at $0.80. GAAP EPS of $0.80 for Q1 were 9.6% higher than the prior-year quarter's $0.73 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 38.5%, 30 basis points worse than the prior-year quarter. Operating margin was 20.8%, 150 basis points worse than the prior-year quarter. Net margin was 10.7%, 120 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $15.09 billion. The average EPS estimate is $3.05.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on American Electric Power is outperform, with an average price target of $42.00.

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