How does AEP's 2024 earnings compare to peers?

American Electric Power (AEP) is expected to report earnings per share (EPS) of $1.80 for the latest quarter, reflecting a 7.16% growth from the previous year. This forecast indicates a robust financial performance, which is further supported by AEP's track record of surpassing earnings estimates in the past.

1. **Peer Comparison**: When compared to peers like PG&E, Exelon, and Xcel Energy, AEP's financial performance is robust. For instance, PG&E reported an EPS of $1.77, Exelon reported $2.424, and Xcel Energy reported $1.977 in the same period. AEP's EPS of $1.80 outperforms Xcel Energy and is comparable to Exelon's, indicating a strong market position.

|code|Ticker|Name|Date|Net Income|market_code|
|---|---|---|---|---|---|
|EXTR|EXTR.O|Extreme Networks|2024 Q2|3988000|185|
|XEL|XEL.O|Xcel Energy|2024 Q2|3.02E8|185|
|AEP|AEP.O|American Electric|2024 Q2|3.425E8|185|
|EXTR|EXTR.O|Extreme Networks|2024 Q3|-6.4425E7|185|
|XEL|XEL.O|Xcel Energy|2024 Q3|6.82E8|185|
|AEP|AEP.O|American Electric|2024 Q3|9.617E8|185|
|EXTR|EXTR.O|Extreme Networks|2024 Q4|-5.4203E7|185|
|XEL|XEL.O|Xcel Energy|2024 Q4|4.64E8|185|
|AEP|AEP.O|American Electric|2024 Q4|6.659E8|185|
|EXTR|EXTR.O|Extreme Networks|2025 Q1|-1.0504E7|185|

2. **Market Position**: AEP's market position is strengthened by its consistent performance and strategic investments. The company has been recognized for its corporate responsibility and stakeholder engagement, which is reflected in its inclusion in the JUST 100 list and Forbes' "America's Best Large Employers" list. These accolades underscore AEP's leadership in the utilities industry and its commitment to sustainable business practices.
3. **Financial Analysts' Perspective**: Analysts have an optimistic outlook on AEP, with a consensus rating of "Outperform" and an average one-year price target of $106.75, suggesting potential for stock price appreciation. This positive sentiment is reinforced by AEP's substantial investment plan of $54 billion from 2025 to 2029, which is expected to enhance infrastructure and service delivery, potentially driving revenue growth.

In conclusion, AEP's 2024 earnings are robust and outperform some of its peers. The company's strong market position, strategic investments, and positive analyst sentiment indicate a promising future.