FirstEnergy Corp. (NYSE:FE) is reporting second quarter financial results on Thursday 23rd July 2020, after market close.
According to analysts surveyed by Thomson Reuters, FE is expected to report 2Q20 income of $ 0.55 per share from revenue of $ 2545.26 million.
For the full year, analysts anticipate top line of $ 11313.30 million, while looking forward to income of $ 2.48 per share bottom line.
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. reported income for the first quarter of $ 0.66 per share, from the revenue of $ 2,661.00 million. The quarterly earnings contracted 1.49 percent while revenues fell 8.60 percent compared with the same quarter last year.
Wall street analysts are predicting, FE to report 1Q20 income of $ 0.63 per share from revenue of $ 2890.79 million. The bottom line results beat street analysts by $ 0.03 or 4.76 percent, at the same time, top line results fell short of analysts by $ 229.79 million or 7.95 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of FirstEnergy Corp.
Stock Performance
According to the previous trading day, closing price of FE was $ 27.09, representing a 18.56 % increase from the 52 week low of $ 22.85 and a 48.42 % decrease over the 52 week high of $ 52.52.
The company has a market capital of $ 14.68 billion and is part of the Utilities sector and Utilities – Diversified industry.
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Recent Analyst recommendations
On 17th June 2020, maintained by Morgan Stanley at Overweight rating, with $ 46.00 target price.
On 5th June 2020, maintained by UBS Group at Buy rating, with $ 52.00 target price.
On 27th May 2020, downgraded by Mizuho to Neutral from Buy rating, with $ 41.00 target price.
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.
