With a market cap of $52.4 billion, American Electric Power Company, Inc. (AEP) is a leading electric utility holding company. Serving over 5.5 million customers across 11 states, it is one of the nation’s largest integrated utilities in the U.S., utilizing a diverse energy mix that includes coal, natural gas, renewables, and nuclear. The Columbus, Ohio-based company is expected to unveil its fiscal Q3 earnings results before the market opens on Wednesday, Nov. 6.
Before the event, analysts anticipated the utility company to report a profit of $1.78 per share, marginally up from $1.77 per share in the same quarter last year. The company has surpassed Wall Street's earnings projections in two of the past four quarters while missing on two other occasions. AEP exceeded the consensus estimate by a margin of 1.6% in the most recent quarter.
