American Electric Power
The 10-second takeaway
For the quarter ended March 31 (Q1), American Electric Power met expectations on revenue and met expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted slightly and GAAP earnings per share increased.
Gross margin contracted, operating margin shrank, and net margin expanded.
American Electric Power logged revenue of $3.60 billion. The four analysts polled by S&P Capital IQ hoped for a top line of $3.65 billion on the same basis. 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 came in at $0.80. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.80 per share. 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.
For the quarter, gross margin was 38.4%, 40 basis points worse than the prior-year quarter. Operating margin was 20.7%, 160 basis points worse than the prior-year quarter. Net margin was 10.7%, 120 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $3.58 billion. On the bottom line, the average EPS estimate is $0.70.
Next year's average estimate for revenue is $15.12 billion. The average EPS estimate is $3.05.
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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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.