American Electric Power (NYSE: AEP ) is expected to report Q2 earnings around May 28. 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 grow 2.0% and EPS will grow 5.2%.
The average estimate for revenue is $3.67 billion. On the bottom line, the average EPS estimate is $0.81.
Last quarter, American Electric Power logged revenue of $3.80 billion. GAAP reported sales were 5.5% higher than the prior-year quarter's $3.63 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.80. GAAP EPS of $0.75 for Q1 were 6.3% lower than the prior-year quarter's $0.80 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 37.2%, 130 basis points worse than the prior-year quarter. Operating margin was 20.5%, 30 basis points worse than the prior-year quarter. Net margin was 9.5%, 120 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $15.78 billion. The average EPS estimate is $3.16.
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 $47.58.
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