American Electric Power Company, Inc. (NYSE:AEP) is trading up 13.39% versus 12-month low of 54.78 and stands -11.35% lower from its 1-year peak of $70.07. The consensus price target (PT) of $67.03 means that the market expects Company shares to increase by 7.6% in the short run. The sell-side target prices range from $62 to $72. In the last month the stock has moved in price 3.22%, with a one year change of 9.49%. The last trading session volume compares with the 2.69M average and market worth floats around 30.57B.
American Electric Power Company, Inc. (NYSE:AEP) fell -0.30% to reach at the trading price of $62.12 as it is set to release its next quarterly earnings report on February 01, 2017. American Electric Power Company, Inc. stock trades in the range of $61.82 to $62.70 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $0.55 a share with $3.61B in revenue.
American Electric Power Company, Inc. (AEP) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast American Electric Power Company, Inc. to earn $1.05 per share (EPS) on revenue of $4.36B. The EPS consensus range is $0.88-$1.22 on revenue between $4.92B and $3.87B.
While if we look at the Earnings Track Record, American Electric Power Company, Inc. (AEP) managed to surpass quarterly earnings per share estimates in 8 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 66%. Last time the company reported, American Electric Power Company, Inc. (AEP) generated $1.30 in earnings per share, beating the consensus estimate of $1.22. Revenues hit $4.7B in the September 2017 quarter, which was above the consensus $4.68B projection. On the other hand, in the June 2017 quarter the company recorded a net $3.9B revenue with earnings per share of $0.95. Wall Street had anticipated $4.01B and $0.90, respectively. For comparison, there was a revenue of $4.04B and EPS of $1.02 in the March 2016 period.
American Electric Power Company, Inc. (NYSE:AEP) Analyst Insights
The buoyancy in the outlook of American Electric Power Company, Inc. (AEP) is getting weaker by the somewhat negative sentiment (2.20 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Buy. Guggenheim has been covering shares of AEP, so it is most recent view is worth a look. In a research note issued on Jan 10, 2017, analysts at Wells Fargo lifted the stock to Outperform from Market Perform. Another noteworthy analyst activity was recorded on Jan 09, 2017. Downgraded the stock to Neutral from Buy.