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Here's Why You Should Add FirstEnergy (FE) to Your Portfolio
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Earnings estimates for FirstEnergy Corporation (FE - Free Report) have been revised upward in the past 30 days, reflecting analysts’ optimism on the stock. The Zacks Consensus Estimate for 2019 and 2020 earnings have inched up 0.4% and 0.8% to $2.56 and $2.45 per share, respectively, during the said period.
FirstEnergy through its subsidiaries generates, transmits and distributes electricity in the United States.
Let’s focus on the factors that make FirstEnergy an appropriate investment option at the moment.
Price Movement
In the past 12 months, FirstEnergy’s shares have gained 18.6% compared with the industry’s rise of 14.4%.
Earnings & Surprise History
FirstEnergy delivered fourth-quarter 2018 operating earnings of 50 cents per share, which beat the Zacks Consensus Estimate of 48 cents by 4.17%. The company’s average four-quarter positive earnings surprise is 4.10%.
Return on Equity (ROE)
FirstEnergy has an ROE of 21.13% higher than the industry average of 9.18% and Zacks S&P 500 composites’ 17.83%. This indicates the company’s efficiency in utilizing shareholders’ funds.
Dividend Yield
Currently, the company has a dividend yield of 3.69% compared with the Zacks S&P 500 Composite’s 1.96% and the industry’s 2.89%.
A few other top-ranked stocks from the same industry are NextEra Energy, Inc (NEE - Free Report) , The Southern Company (SO - Free Report) and IDACORP (IDA - Free Report) , each holding a Zacks Rank of 2.
NextEra Energy pulled off an average positive earnings surprise of 2.52% in the last four quarters. The company’s long-term (three to five years) earnings growth is pegged at 7.70%
The Southern Company pulled off an average positive earnings surprise of 7.85% in the last four quarters. The company’s long-term earnings growth is pegged at 4.50%
IDACORP pulled off an average positive earnings surprise of 9.60% in the last four quarters. The company’s long-term earnings growth is pegged at 2.60%.
This Could Be the Fastest Way to Grow Wealth in 2019
Research indicates one sector is poised to deliver a crop of the best-performing stocks you'll find anywhere in the market. Breaking news in this space frequently creates quick double- and triple-digit profit opportunities.
These companies are changing the world – and owning their stocks could transform your portfolio in 2019 and beyond. Recent trades from this sector have generated +98%, +119% and +164% gains in as little as 1 month.
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Here's Why You Should Add FirstEnergy (FE) to Your Portfolio
Earnings estimates for FirstEnergy Corporation (FE - Free Report) have been revised upward in the past 30 days, reflecting analysts’ optimism on the stock. The Zacks Consensus Estimate for 2019 and 2020 earnings have inched up 0.4% and 0.8% to $2.56 and $2.45 per share, respectively, during the said period.
FirstEnergy through its subsidiaries generates, transmits and distributes electricity in the United States.
Let’s focus on the factors that make FirstEnergy an appropriate investment option at the moment.
Price Movement
In the past 12 months, FirstEnergy’s shares have gained 18.6% compared with the industry’s rise of 14.4%.
Earnings & Surprise History
FirstEnergy delivered fourth-quarter 2018 operating earnings of 50 cents per share, which beat the Zacks Consensus Estimate of 48 cents by 4.17%. The company’s average four-quarter positive earnings surprise is 4.10%.
Return on Equity (ROE)
FirstEnergy has an ROE of 21.13% higher than the industry average of 9.18% and Zacks S&P 500 composites’ 17.83%. This indicates the company’s efficiency in utilizing shareholders’ funds.
Dividend Yield
Currently, the company has a dividend yield of 3.69% compared with the Zacks S&P 500 Composite’s 1.96% and the industry’s 2.89%.
Zacks Rank & Other Key Picks
FirstEnergy currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
A few other top-ranked stocks from the same industry are NextEra Energy, Inc (NEE - Free Report) , The Southern Company (SO - Free Report) and IDACORP (IDA - Free Report) , each holding a Zacks Rank of 2.
NextEra Energy pulled off an average positive earnings surprise of 2.52% in the last four quarters. The company’s long-term (three to five years) earnings growth is pegged at 7.70%
The Southern Company pulled off an average positive earnings surprise of 7.85% in the last four quarters. The company’s long-term earnings growth is pegged at 4.50%
IDACORP pulled off an average positive earnings surprise of 9.60% in the last four quarters. The company’s long-term earnings growth is pegged at 2.60%.
This Could Be the Fastest Way to Grow Wealth in 2019
Research indicates one sector is poised to deliver a crop of the best-performing stocks you'll find anywhere in the market. Breaking news in this space frequently creates quick double- and triple-digit profit opportunities.
These companies are changing the world – and owning their stocks could transform your portfolio in 2019 and beyond. Recent trades from this sector have generated +98%, +119% and +164% gains in as little as 1 month.
Click here to see these breakthrough stocks now >>