American Electric Power Earnings inline, Revenue Misses In Q4

Investing.com – American Electric Power reported on Thursday fourth quarter that matched analysts’ forecasts and revenue that fell short of expectations.

American Electric Power announced earnings per share of $0.6 on revenue of $3.6B. Analysts polled by Investing.com anticipated EPS of $0.6 on revenue of $4.02B. That with comparison to EPS of $0.72 on revenue of $3.8B in the same period a year before. American Electric Power had reported EPS of $1.46 on revenue of $4.3B in the previous quarter. Analysts are expecting EPS of $1.18 and revenue of $4.53B in the upcoming quarter.

American Electric Power shares are up 9.51% from the beginning of the year , still down 1.40% from its 52 week high of $104.97 set on February 4. They are outperforming the S&P 500 which is up 4.36% year to date.

American Electric Power follows other major Utilities sector earnings this month

American Electric Power’s report follows an earnings missed by NextEra Energy on January 24, who reported EPS of $1.44 on revenue of $4.59B, compared to forecasts EPS of $1.48 on revenue of $4,631M.

Enbridge had missed expectations on February 14 with fourth quarter EPS of $0.46 on revenue of $9.32B, compared to forecast for EPS of $0.49 on revenue of $9.59B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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