FirstEnergy Corporation (FE - Free Report) is expected to report second-quarter 2018 earnings on Jul 26, before the market opens. The company is expected to come up with a positive earnings surprise in this quarter. This utility player reported positive earnings surprise in three of the last four quarters, the average being 3.56%.
What Does the Quantitative Model Predicts
Our proven model shows that FirstEnergy is likely to beat estimates because it has the right combination of two key ingredients. A stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to be able to beat estimates and the company has the right mix. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP: Earnings ESP is pegged at +0.47%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
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