American Electric Power (AEP) updates FY24 earnings guidance to $5.53-5.73 EPS, reaffirms operating earnings guidance range, amid CEO change and brokerage downgrades.

American Electric Power (AEP) updated its FY24 earnings guidance to $5.53-5.73 EPS and recently reported Q4 earnings of $1.26 EPS, meeting analysts' estimates. The company has faced recent brokerage downgrades and the firing of CEO Julie Sloat, replaced by interim CEO Benjamin G.S. Fowke III. Despite the earnings miss and changes in leadership, AEP reaffirmed its 2024 operating earnings guidance range.

February 27, 2024
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