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FirstEnergy to Report Q3 Earnings: What to Expect From the Stock?

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Key Takeaways

  • FirstEnergy is set to report Q3 earnings on Oct. 27, with EPS expected to rise 9.64% and revenues 3.29%.
  • Rising data center demand, grid upgrades and customer growth should support FirstEnergy's results.
  • Higher maintenance and storm costs may weigh on FE's Q3 earnings, while its Earnings ESP stands at -0.73%.

FirstEnergy Corporation (FE - Free Report) is scheduled to release third-quarter 2026 results on Oct. 27, after market close. The company delivered a positive earnings surprise of 2.04% in the last reported quarter.

Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.

FE’s Q3 Expectations

The Zacks Consensus Estimate for earnings is pegged at 91 cents per share, indicating a year-over-year increase of 9.64%.

The Zacks Consensus Estimate for revenues is pinned at $4.28 billion, implying a 3.29% improvement year over year.

Factors Likely to Have Impacted FE’s Q3 Performance

FirstEnergy’s third-quarter earnings are expected to have benefited from rising electricity demand from data centers and industrial customers. The company’s 4.3 gigawatts of contracted and pipeline data center demand in West Virginia as of July 2026 is expected to have provided opportunities to drive third-quarter revenue and earnings growth. 

The company continues to modernize its infrastructure, upgrade the grid and replace aging assets through its Energize365 program. These investments are expected to have supported grid reliability and the company's ability to meet rising electricity demand, contributing to third-quarter performance.

Strong economic activity across FE’s service areas is expected to have supported earnings in the to-be-reported quarter. The company’s expanding customer base and increase in demand are likely to contribute to its third-quarter results.

Higher operation and maintenance expenses, combined with storm restoration costs, are likely to have restrained the company's third-quarter earnings growth.

What Our Quantitative Model Predicts About FE

Our proven model does not conclusively predict an earnings beat for FirstEnergy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here, as you will see below.

Earnings ESP: The company’s Earnings ESP is -0.73%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Currently, FirstEnergy carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.

FirstEnergy Corporation Price and EPS Surprise

FirstEnergy Corporation Price and EPS Surprise

FirstEnergy Corporation price-eps-surprise | FirstEnergy Corporation Quote

Stocks to Consider

Investors may consider the following players from the same industry, as these have the right combination of elements to post an earnings beat this reporting cycle. 

OGE Energy (OGE - Free Report) is scheduled to report third-quarter results on Oct. 28, 2026 and is likely to have an earnings beat. It has an Earnings ESP of +0.79% and a Zacks Rank #2 at present.

OGE’s long-term (three-to-five-year) earnings growth rate is 6.28%. The Zacks Consensus Estimate for third-quarter earnings per share (EPS) is pinned at $1.26, which implies a year-over-year increase of 10.53%.

Alliant Energy (LNT - Free Report) is set to report third-quarter results on Oct. 29, 2026 and is likely to have an earnings beat. It has an Earnings ESP of +3.79% and a Zacks Rank #3 at present.

LNT’s long-term earnings growth rate is 6.93%. The Zacks Consensus Estimate for third-quarter EPS is pinned at $1.23, which implies a year-over-year increase of 9.82%.

Evergy (EVRG - Free Report) is scheduled to report third-quarter results on Nov. 5, 2026 and is likely to have an earnings beat. It has an Earnings ESP of +4.41% and a Zacks Rank #2 at present.

EVRG’s long-term earnings growth rate is 9.07%. The Zacks Consensus Estimate for third-quarter EPS is pinned at $2.27, which implies a year-over-year increase of 11.82%.

 

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