FirstEnergy Corp. (NYSE:FE) is reporting third quarter earnings results on Monday 2nd November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.79 per share.
For the full year, analysts predict revenues of $ 11285.40 million, while looking forward to income of $ 2.50 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.40 ~ $ 2.60 per share
Click Here For More Historical Outlooks Of FirstEnergy Corp.
Previous Quarter Performance
FirstEnergy Corp. unveiled income for the second quarter of $ 0.57 per share, from the revenue of $ 2,522.00 million. The quarterly earnings fell 6.56 percent while revenues boosted 0.24 percent compared with the same quarter last year.
According to street consensus, FE was expected to report 2Q20 income of $ 0.55 per share from revenue of $ 2545.26 million. The bottom line results beat street analysts by $ 0.02 or 3.64 percent, at the same time, top line results fell short of analysts by $ 23.26 million or 0.91 percent.
Stock Performance
On Friday, shares of FirstEnergy Corp. has traded high as $ 31.48 and has cracked $ 29.57 on the downward trend, reaching $ 29.72 with volume of 20.29 million shares.
According to the previous trading day, closing price of $ 29.72, representing a 39.21 % increase from the 52 week low of $ 22.85 and a 39.43 % decrease over the 52 week high of $ 52.52.
The company has a market capital of $ 16.11 billion and is part of the Utilities sector and Utilities – Diversified industry.
Recent Analyst recommendations
- On 5th October 2020, maintained by Morgan Stanley at Overweight rating, with $ 39.00 target price.
- On 3rd September 2020, upgraded by RBC Capital to Outperform from Sector Perform rating, with $ 37.00 target price.
Conference Call
FirstEnergy Corp. will be hosting a conference call at 1:00 PM eastern time on 2nd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.firstenergycorp.com
FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution and Regulated Transmission segments. It owns and operates coal-fired, nuclear, hydroelectric, natural gas, wind, and solar power generating facilities.
