American Electric Power (NYSE: AEP ) reported earnings on July 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), American Electric Power met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged. Non-GAAP earnings per share dropped. GAAP earnings per share dropped.
Margins dropped across the board.
American Electric Power chalked up revenue of $3.60 billion. The six analysts polled by S&P Capital IQ looked for a top line of $3.65 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.73. The 16 earnings estimates compiled by S&P Capital IQ forecast $0.74 per share. Non-GAAP EPS of $0.73 for Q2 were 5.2% lower than the prior-year quarter's $0.77 per share. GAAP EPS of $0.69 for Q2 were 8.0% lower than the prior-year quarter's $0.75 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 38.1%, 160 basis points worse than the prior-year quarter. Operating margin was 19.6%, 130 basis points worse than the prior-year quarter. Net margin was 9.4%, 80 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $4.64 billion. On the bottom line, the average EPS estimate is $1.09.
Next year's average estimate for revenue is $15.84 billion. The average EPS estimate is $3.14.
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 $50.70.
Can your portfolio provide you with enough income to last through retirement? You'll need more than American Electric Power. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
- Add American Electric Power to My Watchlist.