Alert: New Earnings Report (11/2/23)-American Electric Power Co Inc (NASDAQ: AEP).


American Electric Power Co Inc (NASDAQ: AEP) has reported earnings for its third fiscal quarter (ending September 30) of $1.83 versus $1.33 for the same period a year ago — an increase of 38%. This result exceeded the consensus estimate of $1.70 by $0.13. For the latest four quarters through September 30, E.P.S. were $4.37 versus $4.83 for the same period a year ago — a decline of -10%.


Recent Price Action

American Electric Power Co Inc (NASDAQ: AEP) stock closed at $79.24 on 11/2/23 after a large increase of 3.6%. The stock has risen 5.1% during the last week but has been weak relative to the market over the last nine months.

Current PriceTarget Research Rating

AEP’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.

American Electric Power has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. American Electric Power has a slightly positive Appreciation Score of 70 but a slightly negative Power Rating of 38, resulting in the Neutral Value Trend Rating.

Rating Review

In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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