American Electric Power Company (NASDAQ:AEP) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$5.42b (up 1.5% from 3Q 2023).
• Net income: US$959.6m (flat on 3Q 2023).
• Profit margin: 18% (in line with 3Q 2023).
• EPS: US$1.80.

All figures shown in the chart above are for the trailing 12 month (TTM) period

American Electric Power Company EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.9%.

Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Electric Utilities industry in the US.

Performance of the American Electric Utilities industry.

The company's shares are down 2.5% from a week ago.

Risk Analysis

You still need to take note of risks, for example - American Electric Power Company has 2 warning signs (and 1 which makes us a bit uncomfortable) we think you should know about.

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