American Electric 2Q Earnings Pregame Scorecard

Last quarter American Electric (NYSE:AEP) hit analyst's estimates and it will report again on Friday, July 20, 2012.


Analysts currently expect American Electric to come in with earnings of 72 cents per share on revenues of $3.58 billion. Estimates range from 64 cents per share to 82 cents per share. Over the past week, the average estimate has moved up from 70 cents.

Last Quarter's Results

In the first quarter, profit rose 9.9% to $389 million (80 cents a share) from $354 million (73 cents a share) the year earlier, meeting analyst expectations. Revenue fell 2.8% to $3.63 billion from $3.73 billion.

Stock Ratings

Analysts think investors should stand pat on American Electric with nine of 17 analysts rating it hold. Analyst sentiment has been waning recently, as the average rating has dropped slightly over the past three months.

Stock Movement

Recently, the stock price has been rising Since June 21, 2012 business days the stock has risen $2.59 per share.

Company Fundamental Trends The company will look to keep the its run of success flowing with earnings announcement, after experiencing income increases the last three quarters. Net income rose 67.1% in the third quarter of the last fiscal year and 75.7% in the fourth quarter of the last fiscal year before increasing again in the first quarter. While last quarter's drop snapped a string of revenue increases, the company will look to right itself during the upcoming earnings period. Revenue rose 7.4% in the second quarter of the last fiscal year, 6.6% in the third quarter of the last fiscal year and 0.3%in the fourth quarter of the last fiscal year before dropping in the first quarter.


Reporting Period: 2Q

Date of Release: Friday, July 20, 2012 before market open

EPS: 72 cents

Revenue Estimate: $3.58 billion

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)