American Electric Power (NASDAQ:AEP) reported its Q1 earnings results on Thursday, April 28, 2022 at 06:57 AM.
Here's what investors need to know about the announcement.
Earnings
American Electric Power beat estimated earnings by 2.52%, reporting an EPS of $1.22 versus an estimate of $1.19.
Revenue was up $300.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05 which was followed by a 3.35% increase in the share price the next day.
Here's a look at American Electric Power's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.93 | 1.46 | 1.13 | 1.16 |
| EPS Actual | 0.98 | 1.43 | 1.18 | 1.15 |
| Revenue Estimate | 3.73B | 4.36B | 3.88B | 4.14B |
| Revenue Actual | 4.10B | 4.60B | 3.80B | 4.30B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
American Electric Power management provided guidance for FY 2022, expecting earnings between $4.87 and $5.07 per share.
To track all earnings releases for American Electric Power visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
