FirstEnergy Corp reports results for the quarter ended in September 30 - Earnings Summary

FirstEnergy

30/10/2024 02:58

* FirstEnergy Corp  FE.N  reported quarterly adjusted
earnings of
85 cents​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of 88 cents.  The mean expectation of fourteen analysts for the
quarter was for earnings of 90 cents per share. Wall Street
expected results to range from 87 cents to 93 cents per share.
    * Revenue rose 6.9% to $3.73 billion from a year ago;
analysts
expected $3.91 billion. 
    * FirstEnergy Corp's reported EPS for the quarter was 73
cents​.
    * The company reported quarterly net income of $419 million.
    * FirstEnergy Corp shares had fallen by 1.5% this
quarter and
gained 19.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 8
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the electric
utilities
peer group is also "buy"

Wall Street's median 12-month price target for FirstEnergy Corp
is 47.50 
This summary was machine generated from LSEG data October 30 at
02:57 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.90           0.85           Missed
 Jun. 30 2024      0.56           0.56           Met
 Mar. 31 2024      0.56           0.55           Missed
 Dec. 31 2023      0.59           0.62           Beat